What Rabid, Hate-the-Poor, Right Wingers Uttered these Spiteful Words?

by Dan Mitchell | Nov 27, 2010 | Big Government, Blogs, Welfare and Entitlements

Here’s a passage from a speech by a well-known political figure, but it wasn’t Ronald Reagan, Ron Paul, or Milton Friedman. The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a...

The Pilgrims Learned from Their Mistakes, so Why Can’t Obama?

by Dan Mitchell | Nov 26, 2010 | Blogs, Economics

There’s an odd debate in the blogosphere. As happens every Thanksgiving, libertarians and conservatives take joy in pointing out that there was mass starvation and suffering during the early years of the Plymouth Colony because of a socialist economic model. Here’s...

Should We Blame Obama, Rangel, and Baucus if People Die to Escape the Death Tax?

by Dan Mitchell | Oct 31, 2010 | Blogs, Taxation

The death tax is a punitive levy that discourages saving and investment and causes substantial economic inefficiency. But it’s also an immoral tax that seizes assets from grieving families solely because someone dies. The good news is that this odious tax no longer...

Obama Wants a 23.9% Capital Gains Tax, but the Rate Actually Will Be Much Higher Because of Inflation

by Dan Mitchell | Sep 20, 2010 | Blogs

Thanks to the Obamacare legislation, we already know there will be a new 3.9 percent payroll tax on all investment income earned by so-called rich taxpayers beginning in 2013. And the capital gains tax rate will jump to 20 percent next year if the President gets his...