by Dan Mitchell | Aug 28, 2010 | Blogs, Government Spending
Two things struck me about this debate. First, the guy from the Center for American Progress was either clueless or dishonest about double taxation. Second, nobody seems to understand that balancing the budget is a simple matter of restraining the growth of government...
by Dan Mitchell | Aug 24, 2010 | Big Government, Blogs, Economics, Government Spending, Taxation
In a very predictable editorial this morning, the New York Times pontificated in favor of higher taxes. Compared to Paul Krugman’s rant earlier in the week, which featured the laughable assertion that letting people keep more of the money they earn is akin to sending...
by Dan Mitchell | Aug 15, 2010 | Big Government, Blogs, Welfare and Entitlements
It’s hard to believe that anybody would classify the Germans as a master race after reading this Spiegel article. Bill Gates and Warren Buffett have a nutty (but at least non-coercive) plan for rich people to give away a big share of their fortunes. The German...
by Brian Garst | Aug 10, 2010 | Blogs, Constitution, Economic Growth, Taxation
With the public unconvinced of the wisdom of soaking the rich, the latest hot idea floating around in statist circles is not to soak the rich, but rather the really, super-duper, ultra rich. In a class-warfare filled screed, James Surowiecki wrote in the New Yorker on...
by Dan Mitchell | Aug 9, 2010 | Big Government, Blogs, Taxation
Caroline Baum of Bloomberg has an excellent column explaining why soak-the-rich taxes don’t work. Simply stated, wealthy people are not like you and me. They have tremendous control over the timing, composition, and level of their income. When the rich are hit with...
