Economist Arthur Laffer wrote on the opinion page of last Thursday’s Wall Street Journal that extending unemployment benefits will lead to more unemployment. These two sentences say it all: “Imagine what the unemployment rate would look like if unemployment benefits were universally $150,000 per year. My guess is we’d have a heck of a lot […]
Tag Archives: tax waste
What Your Taxes Buy
My new book due out next month shows how most Americans find their lifetime income divided into thirds that break down like this: 1/3 to taxes spent mostly in ways that do not benefit them, such as bank bailouts and bombs 1/3 spent on everything your taxes should provide, but don’t 1/3 left over, which […]