Taxes and Spending: Daniel J. Mitchell on the Libertarian State of the Union
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Uploaded by catoinstitutevideo on Jan 27, 2012
Watch Cato's Response to the 2012 State of the Union Address: http://youtu.be/eQdwr-xNJIU
Daniel J. Mitchell, a senior fellow at the Cato Institute, evaluates the state of the Union with respect to taxes and spending.
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Top Comments
All Comments (14)
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@MyNameMightBeBen Why do you believe there were so many more rich people just 8 years later?
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But in the pre-Reagan tax system, the government took $19 billion out of $36.2 billion; over 50% in total taxes. After the Reagan tax cuts, the government got $99.7 billion out of 353 billion; about 28%.
So over all, the Reagan tax cuts resulted in the government getting proportionally less money (there were 7 times as many "rich" people in 1988 than 1980, but the government only got 5 times as much money).
The tax code is flawed, but tax cuts still inevitably result in less money.
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Dan Mitchel is awesome!
My school is trying to start up a Youth for Ron Paul organization. I would love if Dan Mitchel would come as a guest speaker.
4 weeks ago 2
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All government is a tool of social engineering. Anarchy or fail.
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By the way, Mitchell - you're the best. I know you will, but I want to encourage you to keep it up.
stevemcgee99 1 month ago 11
lol @ 8:36
rockandrock44 1 month ago 4