The Tax Foundation in Washington does some great work on fiscal issues, but I also admire their use of maps when they want to show how various states perform on key indicators. They’re best known for “Tax Freedom Day,” which measures how long people have to work each year before they’ve earned enough to satisfy […]
read more...The relationship between federal and state governments – the division of power between the two levels being known as federalism – is an integral part of the American constitutional system. Federalism uses separate and competing spheres of sovereignty to check the growth and power of government as a whole. Unfortunately, that system has been steadily […]
read more...Maybe this means I’m not a nice person (notwithstanding my high score for tenderness in a recent test), but I can’t help but be happy when I read bad news about fiscal policy in high-tax welfare states. And because I’m a huge fan of tax competition, I get even happier when I find out that […]
read more...Back in 2010, I put together a “Moocher Index” as a rough measure of which states had the highest levels of welfare dependency after adjusting for poverty rates. My goal was to answer this question. Is there a greater willingness to sign up for income redistribution programs, all other things being equal, from one state […]
read more...feel sorry for the people of California. They’re in a state that faces a very bleak future. And why does the Golden State have a not-so-golden outlook? Because interest groups have effective control of state and local political systems and they use their power to engage in massive rip-offs of taxpayers. One of the main […]
read more...I’m either a total optimist or a glutton for punishment. I recently explained the benefits of “tax havens” for the unfriendly readers of the New York Times. Now I’m defending a different form of tax competition for CNN, another news outlet that leans left. In this case, the topic is whether states can reach beyond […]
read more...I can say with great confidence that government bureaucrats are overpaid compared to people in the productive sector of the economy. Why am I sure that this is true, particularly when the so-called Federal Salary Council claims bureaucrats are underpaid? For the simple reason that the “job opening and labor turnover” data from the Department […]
read more...Art Laffer has a guaranteed spot in the liberty hall of fame because he popularized the common-sense notion that you can’t make any assumptions about tax rates and tax revenue without also figuring out what happens to taxable income. Lot’s of people on the left try to denigrate the “Laffer Curve,” but it’s worth noting […]
read more...It’s time to celebrate. That’s because we have reached Tax Freedom Day, meaning that – in the aggregate – we have finally earned enough money to pay for all the federal, state, and local taxes that will be imposed on us this year by our political masters. But we’re not collectivists, so aggregate measures don’t […]
read more...Sometimes I myopically focus on fiscal policy, implying that the key to prosperity is small government. But I’ll freely admit that growth is maximized when you have small government AND free markets. That being said, our goal should be to expand freedom, not merely to have the largest possible GDP. Which is why the Freedom […]
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