by Dan Mitchell | Jul 23, 2022 | Blogs, Economics, Taxation
Here is the argument why corporate tax rates should be as low as possible. High corporate tax rates discourage investment.Less investment reduces worker productivity.Lower rates of productivity result in lower wages. In an ideal world, there would...
by Dan Mitchell | Jul 22, 2022 | Big Government, Blogs, Welfare and Entitlements
Some people argue the government should give everyone a “basic income.” The problem with that approach (and the problem with other types of redistribution) is that some people will choose not to work if they can simply rely on handouts...
by Dan Mitchell | Jul 21, 2022 | Big Government, Blogs, Health Care, Welfare and Entitlements
If Joe Biden’s bungled economic policy is any indication, the GOP may wind up controlling Washington in the not-too-distant future. If so, I hope Republicans rekindle their interest in the kind of genuine entitlement reform discussed in this interview. But...
by Dan Mitchell | Jul 20, 2022 | Blogs, Taxation
The people of Chile elected a Bernie Sanders-style leftist last December and one of his crazy ideas is a wealth tax. In a discussion with Axel Kaiser, I explain why this destructive levy is misguided. A wealth tax would be bad news in Chile. It also would be bad news...
by Dan Mitchell | Jul 19, 2022 | Big Government, Blogs, Health Care
There are all sorts of reasons to dislike the Food & Drug Administration. Based on the number of lives lost, the bureaucracy’s foot-dragging on drug approval would be at the top of the list. Though the FDA’s inefficiencies also resulted...
