Since it’s basically a way of protecting property rights, environmental protection is a legitimate function of government. That’s the easy part. It gets a lot harder when calculating costs and benefits. Everyone surely agrees that a chemical company shouldn’t be able to dump toxic waste in a town’s reservoir because the costs would out-weigh the […]
Continue reading Recycling: The Triumph of Feel-Goodism over Common Sense
I’m pleasantly surprised by the tax plans proposed by Marco Rubio, Rand Paul, Jeb Bush, and Donald Trump. In varying ways, all these candidate have put forth relatively detailed proposals that address high tax rates, punitive double taxation, and distorting tax preferences. But saying the right thing and doing the right thing are not the same. I […]
Continue reading It’s Time for 2016 Candidates to Unveil Plans to Restrain Spending
Perhaps the least recognized and least appreciated triumph of the GOP Congress is the de facto spending freeze between 2009 and 2014. Fights over debt limits, sequestration, spending caps, and government shutdowns were messy and chaotic, but it’s hard to argue with the results. The burden of federal spending fell from 24.4 pct of GDP […]
Continue reading Why Are GOP Leaders Negotiating a Bad Budget Deal When There’s already a Good Budget Deal in Place?
It’s been a challenge to assess Donald Trump’s fiscal policies since they’ve been an eclectic and evolving mix of good and bad soundbites. Though I did like what he said about wanting to pay as little tax as possible because the government wastes so much of our money. On the other hand, some of his […]
Continue reading Trump and Taxes: A Bush-Like Plan from “The Donald”