by Dan Mitchell | Oct 6, 2022 | Big Government, Blogs, Economics, Government Spending
At the end of last month, I wrote about the growth-maximizing size of government, citing a study that estimated that the public sector in Sudan should not consume more than 11.17 percent of the nation’s economic output. I realize that very few people care...
by Dan Mitchell | Oct 5, 2022 | Blogs, Tax Competition, Taxation
A big division among economists is whether taxes have a big or small impact on incentives. If taxpayers are very responsive, that means more economic damage (to use the profession’s jargon, a greater level of deadweight loss). If you’re wondering which economists...
by Dan Mitchell | Oct 4, 2022 | Blogs, Economics, Free Market, Socialism
I have a multi-part series making the case for capitalism (Part I, Part II, Part III, Part IV, Part V, and Part VI), and I’ve shared lots of long-run data showing how some people began to enjoy unimaginable...
by Dan Mitchell | Oct 3, 2022 | Uncategorized
A wealth tax is an extraordinarily destructive way for governments to generate revenue. It violates the principles of sensible tax policy and it does a lot of damage since people have less incentive to save and invest. It’s...
by Dan Mitchell | Oct 2, 2022 | Big Government, Blogs, Welfare and Entitlements
I often cite the OECD’s data on “actual individual consumption” to show that the average American enjoys higher living standards than the average European. In this clip from a recent presentation, I compare the United States and France. I’m...
