by Dan Mitchell | Jun 21, 2021 | Blogs, Economics
Politicians impose higher tax costs on tobacco because they want less smoking. And environmentalists want higher gas prices so there will be less driving. And, as explained in this video, higher minimum wages for low-skilled labor will reduce...
by Dan Mitchell | Jun 20, 2021 | Blogs, Economics, Supply Side, Taxation
When studying the economic of taxation, one of the most important lessons is that there should be low marginal tax rates on work, saving, investment, and entrepreneurship. That’s also the core message of this video from Prof. John Cochrane. I...
by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending
Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
by Dan Mitchell | Jun 18, 2021 | Blogs, Taxation
The IRS played partisan politics during the Obama years by targeting taxpayer organizations such “Tea Party” groups. Now the IRS is at it again, this time leaking the tax returns of selected rich people to advance Biden’s...
by Dan Mitchell | Jun 17, 2021 | Big Government, Blogs, States
California is a fascinating state for people who follow public policy. It has some immense advantages, such as climate, coastline, and natural resources. But it also has high taxes, absurd regulations, a bloated bureaucracy, and a costly...
