by Dan Mitchell | Jul 21, 2018 | Big Government, Blogs, Taxation
When I argue against tax increases, I generally rely on two compelling points. Higher taxes will undermine prosperity by penalizing productive behavior. More money for politicians will trigger more spending, so red ink will increase. When I argue against...
by Dan Mitchell | Jul 14, 2018 | Blogs, States, Taxation
The best budget rule in the United States is Colorado’s Taxpayer Bill of Rights. Known as TABOR, this provision in the state’s constitution says revenues can’t grow faster than population plus inflation. Any revenue greater than that amount must be returned to...
by Dan Mitchell | Jul 11, 2018 | Blogs, Economics, Supply Side, Taxation
Three years ago, I shared two videos explaining taxation and deadweight loss (i.e., why high tax burdens are bad for prosperity). Today, I have one video on another important principle of taxation. To set the stage for this discussion, here are two simple definitions...
by Dan Mitchell | Jul 6, 2018 | Blogs, Taxation
Guided by the principles of a simple and fair flat tax, I’ve been toiling for decades in the vineyard of tax reform. At the risk of mixing my metaphors, I usually feel like Don Quixote, engaged in a futile quest. Convincing politicians to reduce their power is not an...
by Dan Mitchell | Jul 5, 2018 | Blogs, Taxation
Last week, I shared very grim data, going all the way back to 1880, on the growth of the welfare state. I even claimed that the accompanying graph was the “western world’s most depressing chart” because it showed the dramatic increase in the burden of government...
