by Dan Mitchell | Jul 23, 2024 | Blogs, Tax Competition, Taxation
I wrote a couple of days ago about the possibility of confiscatory taxes in France and whether that would lead to an exodus of upper-income taxpayer. Since that’s happened before, it’s very realistic to think it will happen again. Now let’s...
by Dan Mitchell | Jul 22, 2024 | Big Government, Blogs
Four years ago, I explained that Kamala Harris supported a very radical agenda of equality of outcomes rather than equality of opportunity. I don’t want to engage in hyperbole, but that’s unadulterated Marxism (“From each according to his ability,...
by Dan Mitchell | Jul 21, 2024 | Blogs, Taxation
Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t...
by Dan Mitchell | Jul 20, 2024 | Blogs, Economics, Free Market
While teaching in China last week, I shared this chart with students to emphasize the point that poverty has been the norm throughout human history. It was only a couple of hundred years ago that free markets emerged and parts of the...
by Dan Mitchell | Jul 19, 2024 | Big Government, Blogs, Economics
After yesterday’s column about China’s economic challenges, I was planning on writing today about the results of this week’s high-level policy meeting in Beijing. Sadly, no bold reforms were proposed. That lack of action may be worth a column in the next day or two,...
