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...
by Dan Mitchell | Jul 9, 2022 | Blogs, Economics
The past two days have featured columns about Estonia, with the first one focusing on the nation’s impressive rebound after decades of communist enslavement and the second one criticizing the Organization for Economic Cooperation and...
by Dan Mitchell | Mar 1, 2022 | Big Government, Blogs
Redistribution is bad economic policy. As the great Thomas Sowell observed, the people who finance redistribution are hurt because they get taxed for working and producing. And the people on the receiving end often are hurt because they get lured into...
by Dan Mitchell | Jan 9, 2022 | Blogs, Economics
There are many well-meaning people who support statist policies such as punitive taxation because they believe in the zero-sum fallacy, which is explained in this short video by Madsen Pirie of London’s Adam Smith Institute. The zero-sum fallacy is especially noxious...
