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Winners and Losers from a Global Tax Cartel

Winners and Losers from a Global Tax Cartel

by Dan Mitchell | Jul 16, 2021 | Blogs, Economics, Tax Competition, Tax Harmonization, Taxation

I critiqued Biden’s proposal for a global corporate tax cartel as part of a recent discussion with South Africa’s Free Market Foundation. Here’s the segment where I explain why it would be bad for developing nations. At the risk of stating the...
The Case Against Socialism, Part III

The Case Against Socialism, Part III

by Dan Mitchell | Jul 14, 2021 | Big Government, Blogs, Economics, Socialism

Part I of this series looked at socialism’s track record of failure, while Part II pointed out that greater levels of socialism lead to greater levels of misery. For Part III, let’s start with this video on the economics of socialism. If the world was...

The European Union’s Carbon Protectionism

by Dan Mitchell | Jul 13, 2021 | Blogs, Taxation, Trade

Over the past four years, Donald Trump presumably was the biggest threat to global trade. His ignorant protectionism hurt American consumers and businesses – and undermined the competitiveness of the U.S. economy. Over the next four...
Is “Capitalism” Worth Defending?

Is “Capitalism” Worth Defending?

by Dan Mitchell | Jul 12, 2021 | Blogs, Economics, Free Market

I like capitalism, both because it’s moral and it delivers superior results compared to any alternative. I even have a 2-part series (here and here) on “defending capitalism” and a 5-part series on the “case for capitalism.” Part IPart...
Biden’s Misguided Plan for a Bigger Welfare State

Biden’s Misguided Plan for a Bigger Welfare State

by Dan Mitchell | Jul 11, 2021 | Big Government, Blogs, Government Spending

President Biden pushed through $1.9 trillion of new spending earlier this year, but that so-called stimulus plan was mostly for one-time giveaways. As I warn in this recent discussion on Denver’s KHOW, we should be much more worried about his proposals to permanently...
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