by Dan Mitchell | Dec 15, 2010 | Blogs, Tax Competition, Taxation
Sometimes it’s not a good idea to be at the top of a list. And now that Japan has announced a five-percentage point reduction in its corporate tax rate, the United States will have the dubious honor of imposing the developed world’s highest corporate tax rate. Here’s...
by Dan Mitchell | Dec 2, 2010 | Bailouts, Big Government, Blogs
The fiscal disintegration of Europe is bad news, though I confess to a bit of malicious glee every time I read about welfare states such as Greece, Ireland, and Portugal getting to the point where they no longer have the ability to borrow enough money to finance their...
by Dan Mitchell | Oct 23, 2010 | Big Government, Blogs, Welfare and Entitlements
I’m just making up the 1.94 percent number, but the International Herald Tribune reported last year that unfunded liabilities in France are nearly 550 percent of GDP. The news reports don’t include any estimates of what Sarkozy’s reform will mean, but I would be...
by Dan Mitchell | Oct 4, 2010 | Big Government, Blogs, Economics, Government Spending
Former Senator Phil Gramm had a column last week in the Wall Street Journal that deserves two blog posts. This first post highlights Gramm’s analysis showing that the U.S. has been very Keynesian compared to Europe, with numerous efforts to jump start the economy with...
by Dan Mitchell | Sep 30, 2010 | Big Government, Blogs, Government Spending
Riots and protests have swept across Europe, as populations lured into government dependency are upset that there’s no longer enough money to maintain the existing level of redistribution. Here’s an excerpt from a BBC report: Tens of thousands of people from around...
