by Dan Mitchell | Jan 17, 2016 | Big Government, Blogs, Taxation, VAT, Welfare and Entitlements
My views on the value-added tax are very simple and straightforward. If we completely eliminated all income-based taxes, I would be willing to accept a VAT (or even a national sales tax) as a revenue source for government. But unless that happens, I’m unalterably...
by Dan Mitchell | Dec 22, 2015 | Big Government, Blogs, Welfare and Entitlements
Because of the budgetary implications, I think it’s more important to deal with Medicaid and Medicare than it is to address Social Security. If left on autopilot, Social Security will eventually consume an additional 2 percent of the private economy. That’s not good...
by Dan Mitchell | Oct 5, 2015 | Blogs, Economics
Chile is one of the world’s economic success stories. Reforms in the 1980s and 1990s liberalized the nation’s economy and resulted in rapid increases in economic growth and big reductions in poverty. Unfortunately, the current government is pushing policy in the wrong...
by Dan Mitchell | May 11, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
America has a giant long-run problem largely caused by poorly designed entitlement programs such as Social Security, Medicare, and Medicaid. So when I wrote last month about proposals by some Democrats to expand Social Security, I was less than enthusiastic....
by Dan Mitchell | Feb 8, 2015 | Big Government, Blogs, Economics, Government Spending
Last month, I posted “the cartoon argument” for Social Security reform. My main goal, as an American, is to achieve this important reform in the United States. And I’ve tried to bolster the argument by citing lots of hard data, including the fact that “funded”...
