by Dan Mitchell | Apr 8, 2015 | Blogs, States, Taxation
With tax day looming, let’s wallow in misery by contemplating the burden on America’s taxpayers. But we’ll ignore the angst caused be dealing with an indecipherable tax code and an oppressive IRS and simply focus on the amount of money that gets extracted from our...
by Dan Mitchell | Mar 31, 2015 | Blogs, Economics, Taxation, VAT
I warned just last week about the dangers of letting politicians impose a value-added tax. Simply stated, unless the 16th Amendment is repealed and replaced with a new provision forever barring the re-imposition of any taxes on income, a VAT inevitably would be a new...
by Dan Mitchell | Mar 25, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation
Last week, I applauded the Chairmen of the House and Senate Budget Committees for proposing budgets that complied with my Golden Rule, which means the burden of government would grow slower than the private sector. But my praise was limited because neither budget is...
by Dan Mitchell | Mar 23, 2015 | Blogs, Energy, Taxation
The Organization for Economic Cooperation and Development is a Paris-based international bureaucracy with the self-proclaimed mission to “promote policies that will improve the economic and social well-being of people around the world.” But if there was a...
by Dan Mitchell | Mar 22, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation, VAT
Even though I fret about a growing burden of government and have little faith in the ability (or desire) of politicians to make wise decisions, I somehow convince myself that good things will happen. Here’s some of what I wrote two years ago, when asked whether I...
