by Dan Mitchell | Aug 11, 2018 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
I’ve been writing about the Laffer Curve for decades, making the simple point that there’s not a linear relationship between tax rates and tax revenue. To help people understand, I ask them to imagine that they owned a restaurant and decided to double prices. Would...
by Dan Mitchell | Jul 31, 2018 | Blogs, Economics, Supply Side, Taxation
In the past few years, I’ve bolstered the case for lower tax rates by citing country-specific research from Italy, Australia, Germany, Sweden, Israel, Portugal, South Africa, the United States, Denmark, Russia, France, and the United Kingdom. Now let’s look to the...
by Dan Mitchell | Jul 28, 2018 | Big Government, Blogs, Government Spending, Taxation
Shortly after the fiscal crisis began in Greece, I explained that the country got in trouble because of too much government spending. More specifically, I pointed out that the country was violating my Golden Rule, which meant that the burden of spending was rising...
by Dan Mitchell | Jul 15, 2018 | Big Government, Blogs, Welfare and Entitlements
If you did man-on-the-street interviews across America and asked people about Social Security, I suspect most of them would have some degree of understanding about the program’s looming fiscal crisis. Since they’re not policy wonks, they presumably wouldn’t know the...
by Dan Mitchell | Jul 14, 2018 | Blogs, States, Taxation
The best budget rule in the United States is Colorado’s Taxpayer Bill of Rights. Known as TABOR, this provision in the state’s constitution says revenues can’t grow faster than population plus inflation. Any revenue greater than that amount must be returned to...
