If the Government Doesn’t Double Tax Your Retirement Savings, Are You Benefitting from an Entitlement?

by Dan Mitchell | May 8, 2013 | Uncategorized

I’ve cited some remarkable examples of Orwellian language abuse. The World Bank published a study of national tax systems and countries with higher tax burdens were rewarded with a grade of “high effort.” A German bureaucrat accused a Czech politician of  “obstructing...

Unexpected Praise for Australia’s Private Social Security System

by Dan Mitchell | Apr 22, 2013 | Big Government, Blogs, Welfare and Entitlements

One reason I’m so bullish on Australia is that the nation has a privatized Social Security system called “Superannuation,” with workers setting aside 9 percent of their income in personal retirement accounts (rising to 12 percent by 2020). Established almost 30 years...

From Employment to Savings, Bad Government Policy Is Undermining the U.S. Economy

by Dan Mitchell | Feb 4, 2013 | Big Government, Blogs, Economics

First, some good news. The United States is in much better shape than most other developed nations, particularly if you look at broad measures of prosperity and living standards. And our economy is growing and the private sector is creating jobs. That’s the...

Big Government Cripples Incentives to Save, Promotes Risky Culture of Immediate Gratification

by Dan Mitchell | Jun 29, 2012 | Blogs, Economics

America’s political elite is nauseating for many reasons, but perhaps most of all when they blame others for problems that are caused by misguided government policies. A stark example is the way they attacked the Facebook billionaire who moved to Singapore because of...