by Dan Mitchell | Apr 7, 2022 | Blogs, Tax Competition, Taxation
I wrote a few days ago about Biden’s plan to impose punitive double taxation on dividends. But that’s not an outlier in his budget. As you can see from this table from the Tax Foundation, he wants to violate the principles of...
by Dan Mitchell | Apr 6, 2022 | Big Government, Blogs, Health Care
I’m not a fan of the government-distorted health system in the United States. Various laws and programs from Washington have created a massive problem with third-party payer, which makes America’s system very expensive and inefficient....
by Dan Mitchell | Apr 5, 2022 | Blogs, Taxation
Modern tax systems tend to have three major deviations from good fiscal policy. High marginal tax rates on productive behavior like work and entrepreneurship.Multiple layers of taxation on income that is saved and invested.Distortionary...
by Dan Mitchell | Apr 4, 2022 | Blogs, Economics
In Part I of this series, Professor Don Boudreaux explained the folly of price controls, and Professor Antony Davies was featured in Part II. Now let’s see some commentary from the late, great, Milton Friedman. As Professor Friedman explained, the economics of price...
by Dan Mitchell | Apr 3, 2022 | Blogs, Economics
Since I wrote yesterday about Ukraine’s terrible economic policy, fairness requires that I make the same points about Russia’s similarly dirigiste system. We’ll start with Russia’s scores from the latest edition of Economic Freedom of the World. Not...
