When I wrote about Alexandria Ocasio-Cortez’s so-called Green New Deal, I mostly focused on the very expensive fiscal implications. I also noted that AOC’s proposed 70 percent tax rate on the rich wouldn’t even pay for a tiny fraction of the multi-trillion dollar cost (in other words, you and me would be pillaged).
Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy and is Chairman of the Center for Freedom and Prosperity. Mitchell is a strong advocate of a flat tax and international tax competition.
February 26, 2019, 3:06 PM EST
February 21, 2019, 3:02 PM EST
Recently, I looked at the supposed socialism of Venezuela, the Nordic nations, Greece, and France.
February 19, 2019, 4:33 PM EST
My multi-part series on Socialism in the Modern World has featured Venezuela, the Nordic nations, and Greece.
February 15, 2019, 3:42 PM EST
In Part I of this series, we examined the horrific tragedy of Venezuelan statism, and in Part II of this series, we looked at the Scandinavian “free-market welfare state.”
February 13, 2019, 4:25 PM EST
In Part I of our series on Socialism in the Modern World, we looked at the tragic story of Venezuela.
February 12, 2019, 11:21 AM EST
With the surprising success of Senator Bernie Sanders in the last presidential race and the more-recent instant-celebrity status of Representative Alexandria Ocasio-Cortez, some are wondering if the United States is about to enter a “socialist era.”
February 7, 2019, 2:33 PM EST
Upper-income taxpayers started paying a much greater share of the tax burden after the Reagan tax cuts. My left-leaning friends sometimes look at this data and complain that the rich are paying more of the tax burden only because they have grabbed a larger share of national income. And this means we should impose punitive tax rates.But this argument is flawed.
February 4, 2019, 4:25 PM EST
There are several options if you want to measure economic freedom and competitiveness among nations (rankings from the Fraser Institute, Heritage Foundation, and World Economic Forum).
February 1, 2019, 11:29 AM EST
My favorite annual publication from the Heritage Foundation, the Index of Economic Freedom, has just been released.
January 28, 2019, 9:17 AM EST
When I think about social welfare spending, I mostly worry about recipients getting trapped in dependency.
January 22, 2019, 9:59 AM EST
If nothing else, Alexandria Ocasio-Cortez gives me a lot to write about … and to laugh about.
January 15, 2019, 3:38 PM EST
How many times can you say the same thing over and over and over again?
January 10, 2019, 4:28 PM EST
Bernie Sanders is yesterday’s news.
January 8, 2019, 1:49 PM EST
I wrote yesterday about a handful of strange legal developments in Canada. In a display of balance, however, I noted in my conclusion that Canada in recent decades has been “very sensible” with regard to economic issues (spending restraint, welfare reform, corporate tax reform, bank bailouts, regulatory budgeting, the tax treatment of saving, school choice, and privatization of air traffic control).
January 3, 2019, 1:55 PM EST
I’ve previously explained why I don’t have a dog in the current shutdown fight in Washington. Simply stated, Trump isn’t fighting to make government smaller. Instead he wants more spending for a wall and isn’t even proposing some offsetting reductions to keep the overall burden of government from expanding.
December 11, 2018, 4:02 PM EST
I’m not a fan of President Bush – the first one or the second one.
December 4, 2018, 2:21 PM EST
With the exception of 2010-2014, when the Tea Party briefly had a grip on the Republican Party, the burden of government spending has been increasing in the United States.
November 27, 2018, 3:59 PM EST
During his final days in office, I gave a thumbs-down assessment of Barack Obama’s presidency. Simply stated, he increased the burden of government during his tenure, and that led to anemic economic numbers.
November 20, 2018, 3:48 PM EST
I generally don’t write much about the distribution of income (most-recent example from 2017), largely because that feeds into the false notion that the economy is a fixed pie and that politicians should have the power to re-slice if they think incomes aren’t sufficiently equal.
November 14, 2018, 3:44 PM EST
During the 2016 presidential campaign, I was very critical of Donald Trump’s proposal to expand the entitlement state with a new program for paid parental leave, just as I was very critical of a similar proposal from Hillary Clinton.