by Dan Mitchell | May 21, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation, Welfare and Entitlements
The American Enterprise Institute has published a comprehensive budgetary plan entitled, “Tax and spending reform for fiscal stability and economic growth.” Authored by Joseph Antos, Andrew G. Biggs, Alex Brill, and Alan D. Viard, all of whom I know and admire, this...
by Dan Mitchell | May 20, 2015 | Blogs, Economics, Flat Tax, Taxation
In my ultimate fantasy world, Washington wouldn’t need any sort of broad-based tax because we succeeded in shrinking the federal government back to the very limited size and scope envisioned by our Founding Fathers. In my more realistic fantasy world, we might not be...
by Dan Mitchell | May 6, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation
I’ve openly stated that there are tax-hiking budget deals that theoretically would be attractive. But notice that “theoretically” is part of that sentence. That’s because in the real world, tax hikes have a poisonous effect on fiscal policy. Instead of being the...
by Dan Mitchell | May 1, 2015 | Big Government, Blogs, Government Spending, Taxation
For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China...
by Dan Mitchell | Apr 26, 2015 | Blogs, Taxation
It must be fun to be a leftist. You get to spend other people’s money. But that’s just for starters. Using the power of majoritarianism, you also get to tell the rest of the country what to do, how to behave, and even what to eat. Best of all, you can be a complete...
