by Dan Mitchell | Jun 3, 2010 | Blogs, Europe, Taxation
David Ranson had a good column earlier this week in the Wall Street Journal explaining that federal tax revenues historically have hovered around 19 percent of gross domestic product, regardless whether tax rates are high or low. One reason for this relationship, as...
by Dan Mitchell | May 28, 2010 | Big Government, Blogs, Europe
When even the New York Times is writing articles about the collapse of the European welfare state, you know that the political establishment is finally recognizing the writing on the wall. Recognizing a problem and solving a problem, however, are two different things....
by Dan Mitchell | May 28, 2010 | Bailouts, Big Government, Blogs, Europe
Americans should not get too smug about the troubles in Europe because the Bush-Obama policies of wasteful spending are bringing us down the same path. The latest evidence comes from a well-researched article about personal income in USA Today showing that the share...
by Dan Mitchell | May 27, 2010 | Big Government, Blogs, Europe, Government Spending, Taxation
Governments that tax work and subsidize sloth are committing a form of slow-motion suicide, and the Greek fiscal crisis is the canary in the coal mine of this phenomenon. Interestingly, some European governments are trying to halt the downward slide, though I suspect...
by Dan Mitchell | May 24, 2010 | Big Government, Blogs, Europe, Health Care, Uncategorized
British healthcare is often criticized for long waiting lines and slovenly conditions, but that’s just part of the story. Here’s a frightening story about a women who actually got treated – and died as a result. To be fair, this presumably is a tragic exception and...
