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The Importance of Low Marginal Tax Rates

The Importance of Low Marginal Tax Rates

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...
Sunk Costs, Inertia, and the Burden of Government Spending

Sunk Costs, Inertia, and the Burden of Government Spending

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...
Elizabeth Warren’s Plan to Reward a Corrupt IRS

Elizabeth Warren’s Plan to Reward a Corrupt IRS

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...
Everything You Need to Know about Bad Government in California

Everything You Need to Know about Bad Government in California

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...
Defending Capitalism, Part I

Defending Capitalism, Part I

by Dan Mitchell | Jun 16, 2021 | Blogs, Economics, Free Market

I was a big fan of (and occasional guest on) John Stossel’s TV show, and I’m now a big fan of his videos (see here, here, here, here, here, here, and here). So it was an honor to appear in his latest video about...
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