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...
by Dan Mitchell | Jul 24, 2020 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
I participated in a debate yesterday on “tax havens” for the BBC World Service. If you read last month’s two-part series on the topic (here and here), you already know I’m a big defender of low-tax jurisdictions. But it’s always interesting to interact with people...
by Dan Mitchell | Jul 1, 2020 | Big Government, Blogs, Welfare and Entitlements
Before our depressing discussion today about the fiscal impact of entitlement programs (Social Security, Medicare, Medicaid, EITC, Food Stamps, welfare, and Obamacare, etc), here’s a video of how it all began. I think this is a great introduction to the issue,...
by Dan Mitchell | Jun 28, 2020 | Blogs, Economics, Taxation
The good news is that Joe Biden has not embraced many of Bernie Sanders’ worst tax ideas, such as imposing a wealth tax or hiking the top income tax rate to 52 percent.. The bad news is that he nonetheless is supporting a wide range of punitive tax increases....
