Categories
Government Spending Terrorism

Anti-Terrorism Spending 50,000 Times More Than on Any Other Cause of Death

The US spends more than $500 million per victim on anti-terrorism efforts. However, cancer research spending is only $10,000 per victim. Evolutionary psychology may offer an explanation for this irrational threat amplification.

Categories
Corporate Welfare Federal Reserve Financial Sector GDP

Financial Sector Costs Us More than Any Other Sector In Economy

The financial sector receives more of the average paycheck than any other sector of the economy.  Its share of the economy totals $2 trillion dollars. In 1985, the financial sector earned less than 16% of domestic corporate profits.  Today, it’s over 40%. In the 1960s, finance and insurance accounted for only 4% of GDP, whereas in 2007 […]

Categories
Economics GDP Government Spending

Get Society Rich Quick: The Ideal Level of Government Spending

It is commonly claimed that government spending is good for the economy, but the statistics show the opposite.  Most recent studies find a negative correlation between total government size and economic growth. Why is economic growth important?  Because wealthier societies are generally happier societies. No matter how good things get for us, we always want more. Human beings want […]

Categories
Taxes

A More Progressive Tax System Makes People Happier

A new study comparing 54 nations found that the more progressive the tax policy is, the happier the citizens are.

Categories
Debt GDP Government Spending

The Future of US Government Debt

Those who say “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.” should check out these projections.