by Dan Mitchell | Aug 12, 2020 | Blogs, Taxation
Speculating about tax policy in 2021, with Washington potentially being controlling by Joe Biden, Chuck Schumer, and Nancy Pelosi, there are four points to consider. The bad news is that Joe Biden has endorsed a wide range of punitive tax increases. The good news is...
by Dan Mitchell | Aug 10, 2020 | Big Government, Blogs, Government Spending
Compared to most of the world, Japan is a rich country. But it’s important to understand that Japan became rich when the burden of government was very small and there was no welfare state. Indeed, as recently as 1970, Japan’s fiscal policy was rated by Economic...
by Dan Mitchell | Aug 7, 2020 | Blogs, Economics, Tax Competition, Taxation
Largely because of my support for jurisdictional competition, I’m a big fan of federalism. Simply stated, our liberties are better protected when there’s decentralization since politicians are less like to over-tax and over-spend when they know potential victims of...
by Dan Mitchell | Jul 30, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse...
by Dan Mitchell | Jul 28, 2020 | Big Government, Blogs, Government Spending
Back in 2011, CF&P released this video citing four nations – Canada, Ireland, Slovakia, and New Zealand – that achieved very good results with multi-year periods of genuine spending restraint. Today, let’s focus on what’s been happening with government spending in...
