by Dan Mitchell | May 29, 2012 | Big Government, Blogs, Government Spending, Tax Competition, Taxation
The fiscal nightmare in Europe should be all the proof that’s needed about the dangers of wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to...
by Dan Mitchell | May 24, 2012 | Big Government, Blogs, Government Spending
A financial columnist named Rex Nutting recently triggered a firestorm of controversy by claiming that Barack Obama is not a big spender. Here’s the chart he prepared, which certainly seems to indicate that Obama is a fiscal conservative. Not only that, it shows that...
by Dan Mitchell | May 6, 2012 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Back in 2010, I declared that Olga Stefou was a symbol of everything that’s wrong with the Greek welfare state. She was one of the protesters and – if the story captured her thoughts accurately – she displayed an unlimited entitlement mentality. Sort of helps one...
by Dan Mitchell | Apr 23, 2012 | Blogs, Capital Gains, Economics, Taxation
A good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and invested. I’ve tried to emphasize this point with a flowchart, and I’ve defended so-called trickle-down economics, which is nothing more than the common-sense notion...
by Dan Mitchell | Apr 20, 2012 | Blogs, Economics
Last year, I did a popular post on what happens if you redistribute grades in a classroom. Someone has turned this idea into a video, starring some well-known political figures. And if you want to see a real-world example of how students react to this idea, here’s...
