by Dan Mitchell | Sep 7, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
The great Margaret Thatcher famously observed that the problem with socialism is that governments eventually “run out of other people’s money.” But they can do a lot of damage before they reach that point. We know from U.S. experience that Republicans...
by Dan Mitchell | Aug 26, 2021 | Big Government, Blogs, Economics
I periodically warn that the United States is on a path to become a European-style welfare state. That sounds good to some people since it implies lots of goodies paid for by other people. So I always explain that there’s a downside. The economic...
by Dan Mitchell | Aug 19, 2021 | Big Government, Blogs, Economics, Keynesian, Welfare and Entitlements
Washington is filled with dishonest and self-serving analysis. Much of that shoddy output is driven by privileged groups seeking bailouts, subsidies, protectionism, or a tilted playing field. The health...
by Dan Mitchell | Aug 2, 2021 | Big Government, Blogs, Taxation, Uncategorized
I recently explained the evolution of taxation – and the unfortunate consequences of income taxation – to a seminar in the country of Georgia. One of my main points was that income taxes are a relatively new source of revenue. The first income tax was adopted in the...
by Dan Mitchell | Jul 29, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Joe Biden wants to dramatically expand the welfare state (more than $5 trillion of new spending over the next 10 years). In this discussion with Ross Kaminsky of KHOW in Denver, I warn that the President’s proposal for per-child handouts is an...
