Wednesday, June 28, 2017

Dan Mitchell on Pensions, Big Government, Socialism, Spending and Budgets

Dear Readers,

I've been off line for some days, so I'm posting links to more than one of Dan Mitchell's articles which appered since June 16th.  I will be posting three a day until I catch up.  Please enjoy.

Rich K.

The Universal Private Retirement System Is an Additional Reason to Admire Switzerland


There’s a lot to admire about Switzerland, particularly compared to its profligate neighbors.
With all these features, you won’t be surprised to learn that Switzerland is highly ranked by Human Freedom Index (#2), Economic Freedom of the World (#4), Index of Economic Freedom (#4), Global Competitiveness Report (#1), Tax Oppression Index (#1), and World Competitiveness Yearbook (#2).......To Read More....
   

The Nanny State, Showerheads, and the Declining Quality of Life

When I write about regulation, I usually focus on big-picture issues involving economic costs, living standards, and competitiveness.

Those are very important concerns, but the average person in American probably gets more irked by rules that impact the quality of life.

That’s a grim list, but it’s time to augment it.
Jeffrey Tucker of the Foundation for Economic Education explains that the government also has made showering a less pleasant experience. He starts by expressing envy about Brazilian showers.
…was shocked with delight at the shower in Brazil. …step into the shower and you have a glorious capitalist experience. Hot water, really hot, pours down on you like a mighty and unending waterfall… At least the socialists in Brazil knew better than to destroy such an essential of civilized life.
I know what he’s talking about.......To Read More....

Three Lessons from the Tax Defeat in Kansas

Leftists don’t have many reasons to be cheerful.

Global economic developments keep demonstrating (over and over again) that big government and high taxes are not a recipe for prosperity. That can’t be very encouraging for them.

They also can’t be very happy about the Obama presidency. Yes, he was one of them, and he was able to impose a lot of his agenda in his first two years. But that experiment with bigger government produced very dismal results. And it also was a political disaster for the left since Republicans won landslide elections in 2010 and 2014 (you could also argue that Trump’s election in 2016 was a repudiation of Obama and the left, though I think it was more a rejection of the status quo).

But there is one piece of good news for my statist friends. The tax cuts in Kansas have been partially repealed. The New York Times is overjoyed by this development.........By the way, all three points are why the GOP is having trouble in Washington.  The moral of the story? As I noted when writing about Belgium, it’s hard to have good tax policy if you don’t have good spending policy............To Read More........




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