Blessing of TABOR

[MemeFan]

TABOR (Taxpayer Bill of Rights) is Colorado constitutional amendment proven very effective at fixing politician's overspending habits.

More here:

TABOR Is America’s Fiscal “Gold Standard”

If Republicans do as well as expected in next Tuesday’s mid-term elections, especially with regard to gubernatorial and state legislative contests, I expect that more states will enact and ex…

danieljmitchell.wordpress.com

More Good News Thanks to Colorado’s TABOR Spending Cap

Colorado has the best fiscal rule in the United States. The Taxpayer Bill of Rights (TABOR) limits state government spending so that it cannot grow faster than inflation plus population. Does Colo…

danieljmitchell.wordpress.com

Switzerlands also has something similar:

More Scholarly Evidence for Switzerland’s Debt Brake

For a land-locked nation without many natural resources, Switzerland is remarkably successful. One reason for the country’s success is pro-market policy. Switzerland routinely scores in the t…

danieljmitchell.wordpress.com

Only thing which works in fiscal policy is hardcore limit on government spending. Because even if somebody fixes economony and state finances, in long run only result will be way more money to spend for his inheritors creating bigger fiscal crisis in future.

That happened with Ireland. They cut corporate income taxes, become EU HQ for American corporates and what did they do with mountain of cash? Cut taxes for their people or spending binge? Latter of course.

If only politicians were loving spending like Ebenezer Scrooge.

 

[MemeFan]

Why it works:

ECB and IMF Studies Show Spending Caps Are the Ideal Fiscal Rule

Back in 2017, the Center for Freedom and Prosperity released this video to help explain why spending caps are the most sensible and sustainable fiscal rule. Switzerland actually has a spending cap …

danieljmitchell.wordpress.com

 

[Mark C]

Sadly, when Colorado was overthrown by the Left, much of TABOR was thrown out along with the state Constitution and the rest of the Bill of Rights.

But most of us here in the Hinterlands recognize that what Denver, some of the Front Range, and Aspen want to force down our throats is NOT shared by most of the state.