Remember when I wrote about a week ago that I was somewhat optimistic about entitlement reform? Well, given what just happened in New Hampshire, I must have been smoking crack. It would now be more accurate to say something will happen with entitlements, but it will be deform rather than reform. That’s because a Bernie […]
Continue reading Accelerating on the Path to Greece with Bernie Sanders
We have good news and bad news. The good news is that President Obama has unveiled his final budget. The bad news is that it’s a roadmap for an ever-growing burden of government spending. Here are the relevant details. The President wants the federal budget to climb by nearly $1.2 trillion over the next five […]
Continue reading New Obama Budget: The Usual Reckless Spending Hikes…and a Big New Tax on American Energy Consumers
When I give speeches in favor of tax reform, I argue for policies such as the flat tax on the basis of both ethics and economics. The ethical argument is about the desire for a fair system that neither punishes people for being productive nor rewards them for being politically powerful. As is etched above […]
Continue reading The Super Bowl and Marginal Tax Rates
The left is very clever about accepting “compromise,” so long as the result is a larger burden of government. This is one of the reasons why I’m so concerned about Senator Cruz’s proposal for a value-added tax. Even though he wants a VAT for good reasons (to finance lower tax rates and also to reduce […]
Continue reading More Arguments against the Value-Added Tax
What’s the difference between Bernie Sanders and Hillary Clinton? I suspect that most people would cite differences in personal ethics, but I’m a policy wonk so I actually think the leading candidates for the Democratic presidential nomination are two peas in a pod. The only real difference is that Sanders is more open about his […]
Continue reading Why Do Hillary Clinton and Bernie Sanders Want to Undermine Jobs and Investment in America?
This isn’t intentional, but there’s been a European theme to this week’s posts. I wrote yesterday about economic chaos in France, and the previous day I wrote about the grim consequences of Italian statism. Today, we’re going to look at Greece. In the past, I’ve explained that Greece is special, albeit in a bad way. […]
Continue reading Will the Last Productive Person in Greece Please Turn off the Lights When You Leave?