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The Looming Fiscal Nightmare of Extravagant Unfunded Pensions for State and Local Bureaucrats

by Dan Mitchell | Apr 16, 2018 | Big Government, Blogs, Government Spending, States

Politicians have a giant incentive to provide lavish benefits to interest groups that then recycle some of the loot back to elected officials in the form of campaign contributions. But the real key to the scam is that the bill gets imposed on future generations. The...
Which State Will Be the First to Suffer Fiscal Collapse?

Which State Will Be the First to Suffer Fiscal Collapse?

by Dan Mitchell | Apr 6, 2018 | Big Government, Blogs, States, Tax Competition, Taxation

I’m a big fan of federalism because states have the flexibility to choose good policy or bad policy. And that’s good news for me since I get to write about the consequences. One of the main lessons we learn (see here, here, here, here, and here) is that high-earning...
No Internet Sales Tax…For Now

No Internet Sales Tax…For Now

by Brian Garst | Mar 26, 2018 | Blogs, States, Tax Competition, Taxation

The $1.3 trillion omnibus spending bill is full of waste, but one thing it thankfully does not include is the Internet Sales Tax. This is a welcome development, as Rep. Kristi Noem pushed hard to have her Remote Transactions Parity Act (RTPA) included as a rider in...

The Fight over “Internet Taxation” Is Really a Proxy for an Important Battle on Whether Government Power Should Be Constrained by Borders

by Dan Mitchell | Mar 23, 2018 | Blogs, States, Taxation

One of the key principles of a free society is that governmental power should be limited by national borders. Here’s an easy-to-understand example. Gambling is basically illegal (other than government-run lottery scams, of course) in my home state of Virginia. So they...
Which State Will Be the First to Suffer Fiscal Collapse?

California Has Many Natural Advantages, but How Long Can It Survive Big Government?

by Dan Mitchell | Feb 26, 2018 | Blogs, States, Tax Competition, Taxation

In 2016, here’s some of what I wrote about the economic outlook in Illinois. There’s a somewhat famous quote from Adam Smith (“there is a great deal of ruin in a nation“) about the ability of a country to survive and withstand lots of bad public policy. I’ve tried to...
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