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Some Good News on Tax Reform (if You Prefer the Flat Tax over the National Sales Tax)

I’m ecumenical on tax reform. I’ll support any plan that rips up the internal revenue code and instead lowers tax rates, reduces double taxation, and cuts out distorting loopholes. And as I explain in this interview, both the flat tax and national sales tax have a low tax rate. They also get rid of double […]

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Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

In the pre-World War I era, the fiscal burden of government was very modest in North America and Western Europe. Total government spending consumed only about 10 percent of economic output, most nations were free from the plague of the income tax, and the value-added tax hadn’t even been invented. Today, by contrast, every major […]

Continue reading Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

In the pre-World War I era, the fiscal burden of government was very modest in North America and Western Europe. Total government spending consumed only about 10 percent of economic output, most nations were free from the plague of the income tax, and the value-added tax hadn’t even been invented. Today, by contrast, every major […]

Continue reading Why Did Western Nations Continue to Prosper in the 20th Century even though Fiscal Burdens Increased?

The Golden Rule of Spending Restraint

My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government. Here are some excerpts from my column, starting […]

Continue reading The Golden Rule of Spending Restraint

The Golden Rule of Spending Restraint

My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government. Here are some excerpts from my column, starting […]

Continue reading The Golden Rule of Spending Restraint

Support the VAT…if You Oppose Entitlement Reform and Want More spending and More Debt

I’m a supporter of a single-rate tax regime, especially if there’s no double taxation of income that is saved and invested. That’s why I like the flat tax. But I’ve expressed concern about the national sales tax, even though it’s basically the same as a flat tax (the only real difference is that the flat […]

Continue reading Support the VAT…if You Oppose Entitlement Reform and Want More spending and More Debt