Here are some odious details from the UK-based Sun. Danny Creamer, 21, and Gina Allan, 18, spend each day watching their 47in flatscreen TV and smoking 40 cigarettes between them in their comfy two-bedroom flat. It is all funded by the taxpayer, yet the couple say they deserve sympathy because they are “trapped”. Does this […]
read more...If you don’t want to be depressed, you should stop reading right now. You probably know that we’ve been suffering because of a rising burden of government spending. And you probably understand that much of the problem is the relentless growth of redistribution and transfer programs. But you probably don’t realize how far America has […]
read more...This is a tough question. I obviously want comprehensive reform of all entitlement programs, so selecting just one is a bit of a challenge. Sort of like being asked to pick your favorite kid. Would I reform Social Security? That’s a logical choice. It’s the biggest program in the federal budget, so it’s presumably the […]
read more...Washington is filled with debate and discussion about the economic burden of the federal income tax, which collected $1.13 trillion in FY2012 ($1.37 trillion if you include the corporate income tax). Yet politicians rarely consider the economic impact of payroll taxes, even though these levies totaled $.85 trillion during the same fiscal year. Yes, we […]
read more...Back in 2011, I linked to a simple chart that illustrated how handouts and subsidies create very high implicit marginal tax rates for low-income people and explained how “generosity” from the government leads to a tar-paper effect that limits upward mobility. Earlier this year, I shared an amazing chart that specifically measured how the welfare […]
read more...You have to give President Obama credit for chutzpah. He pushed through a faux stimulus in his first year and Obamacare in his second year, both of which significantly increased the burden of government spending. In the past two years, he’s basically punted, proposing budgets that are so laughably unserious that they received zero votes […]
read more...This election season has seen lots of talk (and demagoguery) about whether investors, entrepreneurs, and small business owners should be hit with class-warfare tax policy. And there’s also been lots of debate about the best way of averting bankruptcy for Medicare, which is the federal government’s health care program for the elderly. But there’s been […]
read more...Everyone has a cross to bear in life, some sort of burden or obligation, often self-imposed. For some inexplicable reason, I’ve decided that one of my responsibilities is to educate a backwards and primitive people who seem impervious to common sense, simple logic, and strong principles. As you’ve probably guessed already, I’m talking about Republicans. […]
read more...I wrote a celebratory post last November about the dramatic difference between Americans and Europeans. There truly is American exceptionalism in that Europeans are much more likely to think it is government’s responsibility to provide the basics of life. Another poll in 2010 showed Americans, by a 20-percentage point margin, want smaller government and lower […]
read more...I’m in Slovenia where I just finished indoctrinating educating a bunch of students on the importance of Mitchell’s Golden Rule as a means of restraining the burden of government spending. And I emphasized that the fiscal problem in Europe is the size of government, not the fact that nations are having a hard time borrowing […]
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