by Dan Mitchell | May 24, 2024 | Big Government, Blogs, Welfare and Entitlements
Earlier this month, I wrote about Social Security’s huge fiscal problems, followed the next week by a column correcting some myths about the program that were disseminated by the Washington Post. Today, let’s cross the Atlantic Ocean because...
by Dan Mitchell | May 13, 2024 | Big Government, Blogs, Welfare and Entitlements
When the Social Security Administration released its annual Trustees’ Report last week, I crunched the numbers to show that the fiscal burden of the program is projected to dramatically increase. Payroll taxes are going to climb rapidly, but spending will...
by Dan Mitchell | May 6, 2024 | Blogs, Taxation
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps...
by Dan Mitchell | May 2, 2024 | Big Government, Blogs, Economics
Just a few months ago, I wrote about Germany’s fiscal decay. Over the past eight years, government spending has grown much faster than the private sector, thus violating the Golden Rule of fiscal policy. Given the shift to bad policy in Germany, I...
by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending
I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
