If misery loves company, we can be very happy with these two stories about over-compensated bureaucrats from outside our borders. The first comes from Europe, where the Daily Telegraph reports that pension costs are skyrocketing for bureaucrats with the European Commission and other European Union entities. With the average pension being more than $88,000 per […]

I may have to rethink my pessimistic assessment of David Cameron. As I’ve noted before, he strikes me as a George-Bush-style big-government faux conservative. But according to this Washington Post article, the coalition government in the UK may impose some real budget cuts (as opposed to phony Washington-type cuts that are just reductions in planned […]

As the chart below indicates, the United Kingdom has a large budget deficit solely because government spending has increased to record levels (OECD data). Unfortunately, the new Tory-Liberal coalition government has decided that taxpayers should be punished for all the over-spending that occurred when the Labor government was in charge. The Telegraph reports that the […]

The Prosperitas study by Bram de Bruin (Erasmus University, Rotterdam), originally prepared as a masters’ thesis and with assistance from the European Independent Institute (The Hague, The Netherlands) investigates the effect of labour income taxes on the supply of paid labour for several Western countries over the last two decades.