Taxes and Spending

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US Mandatory Spending Projected to Increase Over a Trillion Dollars by 2023

Taxes and SpendingU.S. Economy

Blog02/12/2020

Even if discretionary spending stays flat, total government outlays are estimated to increase by more than $1 trillion, significantly above any measure of tax revenues. And that is without considering a possible recession.

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Argentina’s "Emergency Law" Just Means More of the Same

Monetary PolicyTaxes and Spending

Blog01/25/2020

Argentina is only going to prosper when it recognizes that its fiscal and monetary imbalances are not the fault of the citizens and their small businesses, but of the government.

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Meet the Spendthrifts

Taxes and Spending

Blog01/23/2020

If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.

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"Low" Tax Rates Often Mask Much Larger Tax Burdens

Taxes and Spending

Blog01/09/2020

The moral of this economic story is that whenever someone who has an incentive to lowball the burden of a tax is speaking or writing, be careful to look at what happens to take-home income as a better guide to policy.

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How Rent Seeking Impoverishes Nations

Corporate WelfareCronyism and CorporatismProtectionism and Free TradeTaxes and Spending

Blog01/08/2020

So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.

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Bernie Sanders and Robert Reich Don't Just Want to Tax the Rich, They Want to Abolish Billionaires

Big GovernmentSocialismTaxes and Spending

Blog12/20/2019

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.

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Teacher Unions Destroy School Accountability

EducationTaxes and Spending

Blog12/12/2019

The Clark County School District evaluated itself, and it determined that all the teachers and administrators are doing a great job — and by the way, the union deserves more money.

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America’s Arms Sales Addiction

Taxes and SpendingWar and Foreign Policy

Blog12/06/2019

Despite its supposedly strained relationship with the Saudi regime, the Obama administration, for example, still managed to offer the royals of that kingdom a record $136 billion in US weapons between 2009 and 2017.

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Understanding Elizabeth Warren's "Radical" Wealth Tax

Big GovernmentTaxes and Spending

Blog12/03/2019

Elizabeth Warren’s proposed wealth taxes will have devastating consequences on capital formation, and will encourage investors to hold riskier assets than they otherwise would have.

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Argentina's Destructive Cycle of Economic Populism

Global EconomyTaxes and Spending

Blog11/19/2019

Anti-market activists in Argentina try to blame the country's economic woes on markets, but the populist movement of Peronism is what has doomed the country to endless cycles of economic and monetary crises.

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