by Dan Mitchell | Feb 7, 2024 | Big Government, Blogs, Government Spending
I’ve written many columns about Venezuela, Chile, and Argentina, but only one column specifically about Mexico. Since I’m currently in Mexico City doing some meetings and research about Mexico’s economic policy, time to make up for that lack...
by Dan Mitchell | Jan 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I periodically explain why and how to fix entitlements. Here’s my latest attempt, as part of a conversation with David McIntosh of the Club for Growth. A few months ago, I shared some alarming CBO data about the ever-growing burden...
by Dan Mitchell | Jan 19, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements
Serious and responsible people (in other words, not Trump or Biden) know that Social Security has a massive long-run problem. A fast-growing number of seniors are expecting future benefits but only a slow-growing number of workers will be paying into the...
by Dan Mitchell | Nov 12, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
In Part I of this series, we explained why marginal tax rates matter. In Part II, we emphasized that low marginal tax rates are important. Today, in Part III, let’s consider the role of payroll taxes, especially hidden payroll taxes. To be more specific, governments...
by Dan Mitchell | Sep 23, 2023 | Big Government, Blogs, Welfare and Entitlements
Many nations face a slow-motion fiscal crisis because of demographics. To be more specific, politicians last century created welfare states and social-insurance systems that take money from workers in order to provide pensions and health care to old...
