by Dan Mitchell | Feb 7, 2023 | Big Government, Blogs, Welfare and Entitlements
Today we are going to look at proposals to expand the burden of Social Security payroll taxes, and let’s start by recycling this 2008 video. All of the analysis in the video is still accurate, but two of the numbers need to be updated. Social Security’s long-run...
by Dan Mitchell | Nov 29, 2022 | Big Government, Blogs, Welfare and Entitlements
The worst piece of legislation in 2021 was Biden’s so-called stimulus, which added $1.9 trillion to America’s fiscal burden. The worst provision of that legislation almost certainly was a temporary per-child entitlement of $3,000-$3,600. Biden then...
by Dan Mitchell | Nov 24, 2022 | Blogs, Economics, Socialism
I normally share this video from Reason every Thanksgiving. But this year I’m going to recycle instead a video from John Stossel. The moral of the story is that societies based on collectivism do not succeed. People don’t work...
by Dan Mitchell | Aug 16, 2022 | Blogs
Redistribution is a bad idea primarily because of economics. People getting handouts have less incentive to be productive and people paying taxes to finance that spending have less incentive to be productive. That translates...
by Dan Mitchell | Jul 22, 2022 | Big Government, Blogs, Welfare and Entitlements
Some people argue the government should give everyone a “basic income.” The problem with that approach (and the problem with other types of redistribution) is that some people will choose not to work if they can simply rely on handouts...
