by Dan Mitchell | Jun 26, 2022 | Big Government, Blogs
In Part I, I warned that “stakeholder capitalism” is not just empty virtue signaling. Some advocates are using the concept to promote a statist agenda. For Part II, let’s start with this video. The main message of the video is that ethical profits are good...
by Dan Mitchell | Jun 25, 2022 | Big Government, Blogs, Free Market
My warm and fuzzy feelings for “capitalism” turn sour when someone promotes a modified version such as “common-good capitalism.” Why? Because I worry such terms imply a Trojan Horse for statism. And that’s definitely the case with so-called...
by Dan Mitchell | Jun 24, 2022 | Big Government, Blogs, Taxation
Yesterday’s column discussed Caterpillar’s decision to move its headquarters from high-tax Illinois to low-tax Texas. Today, we have more bad news for the Prairie State. A major investment fund, Citadel, also has decided to leave Illinois. Is the company moving to a...
by Dan Mitchell | Jun 23, 2022 | Big Government, Blogs, Taxation
I wrote a couple of days ago about California’s grim future. But now I’ll share some good news. No matter how bad California gets, the Golden State probably won’t have to worry about people and businesses fleeing to Illinois. That’s because the Prairie...
by Dan Mitchell | Jun 22, 2022 | Blogs, Tax Competition, Taxation
As part of my continuing efforts to derail Biden’s global minimum tax on businesses (here’s Part I and Part II), I explain the downsides of the president’s plan in this clip from a recent interview. If you don’t want to spend three minutes to watch the above video, my...
