by Dan Mitchell | Sep 20, 2021 | Big Government, Blogs, Economics, Welfare and Entitlements
Ten days ago, I shared some data and evidence illustrating how redistribution programs result in high implicit tax rates and thus discourage low-income people from climbing the economic ladder. Simply stated, why work harder or work more when an additional...
by Dan Mitchell | Sep 17, 2021 | Big Government, Blogs, Economics, Taxation
The Biden Administration’s approach to tax policy is awful, as documented here, here, here, and here. We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means...
by Dan Mitchell | Sep 15, 2021 | Blogs, Economics, Free Market, Uncategorized
The Fraser Institute in Canada has released its latest edition of Economic Freedom of the World, an index that measure and ranks nations based on whether they follow pro-growth policy. Based on the latest available data on key indicators such...
by Dan Mitchell | Sep 10, 2021 | Big Government, Blogs, Economics, Welfare and Entitlements
The welfare state and the so-called war on poverty has been very bad news for taxpayers. But it’s also very bad news for poor people, in part because various redistribution programs can lure them out of the productive economy and...
by Dan Mitchell | Sep 8, 2021 | Big Government, Blogs, Economics, Regulations
Thomas Sowell is a great economist, but his expertise extends to other fields of study. Everything from history to education. But he’s also famous for being a great communicator, with dozens of well-known quotes. I use one of them on my rotating banner because it...
