by Dan Mitchell | Jan 4, 2013 | Blogs, Economics, Taxation
Washington is filled with debate and discussion about the economic burden of the federal income tax, which collected $1.13 trillion in FY2012 ($1.37 trillion if you include the corporate income tax). Yet politicians rarely consider the economic impact of payroll...
by Dan Mitchell | Aug 14, 2012 | Blogs, Taxation
I don’t give the issue much attention on this blog, but I’m very interested in Social Security reform. I wrote my dissertation on Australia’s very successful system of personal retirement accounts, for instance, and I narrated this video on Social Security reform in...
by Dan Mitchell | May 3, 2012 | Big Government, Blogs, Welfare and Entitlements
There are two serious problems with America’s Social Security system. Almost everyone knows about the first problem, which is that the system is bankrupt, with huge unfunded liabilities of about $30 trillion. The other crisis is that the system gives workers a lousy...
by Dan Mitchell | Feb 16, 2012 | Big Government, Blogs, Welfare and Entitlements
Early last year, CF&P released this video, narrated by yours truly, making the case that the United States and other nations should shift from a tax-and-transfer entitlement scheme to a system of personal retirement accounts. Some left wingers criticized the idea,...
by Dan Mitchell | Nov 30, 2011 | Big Government, Blogs, Welfare and Entitlements
I have a new article for National Review about the fallout from the Supercommittee. Among the points I make are: o We were lucky to dodge a tax hike. o There’s still a threat of a tax hike if big-government Republicans side with the so-called rational left in favor of...
