September 25, 2021
Sanity Check: Does Government Know How to Spend Your Money Better Than You?
Publish date:

Sanity Check: Does Government Know How to Spend Your Money Better Than You?

Do you think the government can spend your money wisely, better than you? Think carefully.
Author:
Do you think the government can spend your money wisely, better than you? Think carefully.

Sanity Check on Trade

​

Please think about that Tweet for just one second.

Sanity Check on Big Government

If Trump said that the government knew how to spend your money better than you do, you would likely think he has turned crazy.

But tariffs do the same thing. They are a tax on consumers and/or businesses that import goods.

When Trump raises tariffs, not only is he picking winners and losers, he is also spending your money by making businesses and/or you pay more for goods.

Trump even bragged about it!

​

RECOMMENDED ARTICLES

Got that?

Trump proposed a tax on consumers or businesses to help pay down the national debt. That is big government in action.

Sanity Check on Your Positions

If you support Trump's tariffs and you are against big government, your positions are dramatically inconsistent.

Related Articles

Exploring Trump's Claim of Using Tariffs to Pay Down $21 Trillion in Debt

Trump Eyes Another $267 Billion in Tariffs (And He's Foolish Enough to Do It)

Trump Doesn't Really Want Free Trade (He Just Wants to Make it Look That Way)

Canada, the Petroyuan Thesis, and Balance of Trade Issues in Pictures

Mike "Mish" Shedlock

It’s Your Money But You Can’t Have It: EU Proposes Account Freezes to Halt Bank Runs

If there is a run on the bank, any bank in the EU, you better be among the first to get your money out.

Dear Barry Ritholtz, Can We Please Discuss Illinois?

Bloomberg columnist Barry Ritholtz is a firm believer that government knows better how to spend your money than you do.

Tax Bill Analysis: Spend Your Extra $100 Wisely

In the Senate tax bill, someone making $100K gets an extra $100 to spend in 2027. Those making less than $75K lose money

Johnson Viewed as Better than Corbyn on NHS and Brexit

Johnson poll better than Corbyn for leadership, likability, Brexit, and yes, even NHS.

Democrats Are After Your Money With Wealth Taxes, Even a Tax on Unrealized Gains

Democrat candidates are lining up with numerous radical schemes to take your money.

Silver Looking Better Than Gold?

Based on Commitment of Traders (COT) data, John Rubino at Dollar Collapse prefers silver over gold.

How Long Will the Government Shutdown Last?

I rated the government shutdown threat a "zero bowls of popcorn" affair. Others think it's the real deal.

GOP Tax Reform: How Does It Affect Me? You? Mish Alternative Proposal

People have asked me to comment on the GOP’s Unified Framework For Fixing Our Broken Tax Code. I will do so honestly. In the comments below I explain how the proposal benefits me personally, small business owners in general, and the average person.

Facebook Proposes Deal With Banks: I'll Show You Mine If You Show Me Yours

Facebook proposes a deal with banks. Give Us Your Data, We’ll Give You Our Users.