by Dan Mitchell | Nov 15, 2021 | Blogs, Economics, Free Market
Back in May, as part of a discussion about the tradeoff between free markets (efficiency) and redistribution (equity), I put together a chart to show how poor people are better off in the long run if policy makers focus on the former rather than...
by Dan Mitchell | Oct 20, 2021 | Blogs, Europe
Let’s look today at one of main arguments for Biden’s tax-and-spend agenda. A column in the New York Times, authored by Spencer Bokat-Lindell, suggests that the United States needs to increase government spending on child care to “shrink the gap”...
by Dan Mitchell | Sep 29, 2021 | Big Government, Blogs, Economics, Europe, Government Spending
A couple of days ago, I shared the most-recent data about “actual individual consumption” in nations that are part of the Organization for Economic Cooperation and Development. My goal was to emphasize my oft-stated point about people in the United...
by Dan Mitchell | Sep 20, 2021 | Big Government, Blogs, Economics, Welfare and Entitlements
Ten days ago, I shared some data and evidence illustrating how redistribution programs result in high implicit tax rates and thus discourage low-income people from climbing the economic ladder. Simply stated, why work harder or work more when an additional...
by Dan Mitchell | Sep 16, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
More than 10 years ago, I wrote about President Obama’s disingenuous strategy of pretending that spending increases were tax cuts. Politicians in Washington have come up with something far more impressive than turning lead into gold or water into wine. Using...
