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Unless the Goal Is Lower Living Standards, Bernie Sanders Has Learned the Wrong Lesson from Europe

Unless the Goal Is Lower Living Standards, Bernie Sanders Has Learned the Wrong Lesson from Europe

by Dan Mitchell | Mar 9, 2016 | Big Government, Blogs, Economics, Europe

I wrote yesterday that many European nations are doomed to demographics and fiscal chaos, but a lot of people don’t care that much about the future. Bernie Sanders, for instance, looks at nations such as Denmark and Sweden today and says that America should copy their...
The Middle Class Is Voting with its Feet against California and other High-Tax States

The Middle Class Is Voting with its Feet against California and other High-Tax States

by Dan Mitchell | Feb 28, 2016 | Blogs, States, Tax Competition, Taxation

Long-run trends are an enormously important – yet greatly underappreciated – feature of public policy. Slight differences in growth can have enormous implications for a nation’s long-run prosperity. Gradual shifts in population trends may determine whether a nation...

How Private Social Security Is Helping Hong Kong Deal with Major Demographic Challenges

by Dan Mitchell | Feb 17, 2016 | Blogs, Economics, Flat Tax, Taxation

I’m in Hong Kong for series of meeting and briefings on various economic and policy issues. As you can imagine, I’m a huge fan of the jurisdiction’s simple 15 percent flat tax. It’s basically about as close to a pure flat tax as anyplace in the world. There is...
Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

by Dan Mitchell | Jan 30, 2016 | Blogs, Economics, Taxation

There is some very good news to share. The income tax will disappear in April! But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal...

French President Approaches Cliff, Steps on Accelerator

by Dan Mitchell | Jan 20, 2016 | Big Government, Blogs, Government Spending

When I wrote back in 2012 that France was committing fiscal suicide, I should have guessed that President Hollande would get impatient and push for even more statism. Sure enough, the BBC reports that France’s President has a new plan. The ostensible goal is to reduce...
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