by Dan Mitchell | Aug 12, 2012 | Blogs, Economics, Tax Competition, Taxation
In previous posts, I put together tutorials on the Laffer Curve, tax competition, and the economics of government spending. Today, we’re going to look at the issue of tax reform. The focus will be the flat tax, but this analysis applies equally to national sales tax...
by Dan Mitchell | Aug 7, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
I like sequestration. Automatic budget cuts might not be the best way of reducing the burden of government spending, but a sequester is better than leaving the federal budget on autopilot. Particularly since the “cuts” are mostly just reductions in already-scheduled...
by Dan Mitchell | Aug 6, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
I almost feel sorry for the ideologues and partisan hacks who feel obliged to defends Obama’s miserable economic performance. Keynesian spending policies and class-warfare tax policies have produced dismal economic performance, with unemployment stuck above 8 percent...
by Dan Mitchell | Aug 4, 2012 | Blogs, Economics, Tax Competition, Taxation
My friends at Americans for Tax Reform have received a bunch of attention for a new report entitled “Win Olympic Gold, Pay the IRS.” In this clever document, they reveal that athletes could face a tax bill – to those wonderful folks at the IRS – of nearly $9,000...
by Dan Mitchell | Aug 3, 2012 | Blogs, Economic Growth, Economics, Keynesian
Can we finally all agree that Keynesian economics is a flop? The politicians in Washington flushed about $800 billion down the toilet and we got nothing in exchange except for anemic growth and lots of people out of work. Indeed, we’re getting to the point where the...
