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What’s the Half-Life of a “Temporary” Tax Increase?

by Dan Mitchell | Jul 1, 2013 | Blogs, Taxation

Milton Friedman famously noted that, “Nothing is so permanent as a temporary government program”and Ronald Reagan sagely observed that “a government bureau is the nearest thing to eternal life we’ll ever see on this earth.” They’re both right, but they should have...

Tax Havens Are Good for High-Tax Nations

by Dan Mitchell | Jun 30, 2013 | Blogs, Economics, Tax Competition, Taxation

Regular readers know that one of my main goals is to preserve and promote tax competition as a means of restraining the greed of the political class. Heck, I almost wound up in a Mexican jail because of my work defending low-tax jurisdictions. As you can imagine, it’s...

The Moochers and Looters in France Are Running Out of Victims

by Dan Mitchell | Jun 29, 2013 | Big Government, Blogs, Europe, Government Spending

The late, great Margaret Thatcher famously said that “Socialist governments…always run out of other people’s money” and “I love the smell of napalm in the morning” is an iconic line from Apocalypse Now. Thinking about the fiscal mess in Europe, I’m going to combine...

Some Much-Needed Remedial Public Finance Economics for David Cameron and other Statists

by Dan Mitchell | Jun 26, 2013 | Big Government, Blogs, Economics, Tax Competition, Tax Havens, Taxation

In a recent interview with the BBC, I basically accused UK Prime Minister David Cameron of being a feckless and clueless demagogue who is engaged in a desperate effort to resuscitate his political future. I shouldn’t have been so kind. Cameron manages to combine bad...

The Never-Ending Story of Government Cost Overruns

by Dan Mitchell | Jun 23, 2013 | Big Government, Blogs, Government Spending

Why does virtually everything the government does cost more than we’re initially told? In 2009, for instance, I warned that Obamacare would be much more costly than advertised, so I certainly wasn’t surprised several years later when the numbers began to climb. Heck,...
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