by Dan Mitchell | Jul 18, 2016 | Big Government, Blogs, Welfare and Entitlements
Over the years, I’ve shared some clever images, jokes, and cartoons to expose the flawed mindset of those who hope to achieve coerced equality of outcomes with redistribution and high tax rates. The size of a pizza vs the share of a slice. The modern version of the...
by Dan Mitchell | Mar 20, 2016 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Welfare and Entitlements
The welfare state is bad news. It’s bad for taxpayers and it’s bad for recipients. It’s also bad for the economy since prosperity is in part a function of the quantity of labor that is productively employed. As such, government programs that lure people into...
by Dan Mitchell | Dec 16, 2015 | Blogs, Economics
Whenever I pontificate about the health of the American economy, I feel like Goldilocks. Instead of arguing that the economic porridge is too hot or too cold, or that the economic bed is too hard or too soft, I conclude that we’re stuck in the middle. We generally...
by Dan Mitchell | Nov 29, 2015 | Blogs, Economics
In conversations with statists, I’ve learned that many of them actually believe the economy is a fixed pie. This misconception leads them to think that rich people get rich only by somehow making others poor. In this simplistic worldview, a bigger slice for one person...
by Dan Mitchell | Nov 6, 2015 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Three years ago, I shared a chart about the fiscal burden of the welfare state, calling it the picture that says a thousand word. It’s astounding, after all, that taxpayers spend so much money on means-tested programs and get such miserable results. Indeed, if we took...
