by Dan Mitchell | Oct 29, 2021 | Blogs, Taxation
The good news is that President Biden wants the United States to be at the top. The bad news is that he wants America to be at the top in bad ways. The highest corporate income tax rate.The highest capital gains tax...
by Dan Mitchell | Oct 28, 2021 | Big Government, Blogs, Government Spending, Taxation
After the people of the United Kingdom voted to escape the European Union, I wondered whether the Conservative Party would “find a new Margaret Thatcher” to enact pro-market reforms and thus “take advantage of a golden opportunity” to “prosper in a post-Brexit...
by Dan Mitchell | Oct 27, 2021 | Uncategorized
I don’t know whether to be amused or frustrated, but I can’t help but notice that folks on the left frequently argue that the United States needs to make government bigger in order to “catch up” or “shrink the gap” with Europe. President Biden even has said...
by Dan Mitchell | Oct 26, 2021 | Blogs, Taxation
The Biden economic agenda can be summarized as follows: As much spending as possible, financed by as much taxation as possible, using lots of dishonest budget gimmicks to glue the pieces together. But it turns out that higher taxes are not very...
by Dan Mitchell | Oct 25, 2021 | Big Government, Blogs, Financial Privacy, Taxation
Remember back when Joe Biden said paying more tax is patriotic? He was being a hypocrite, of course, since he aggressively sought to lower his own tax burden. But he was also behaving exactly as “public choice” theory predicts. Politicians...
