by Dan Mitchell | Jan 9, 2021 | Blogs, Tax Competition, Taxation
If you ask normal people about the biggest thing that happened in 2020, they’ll probably pick coronavirus, though some might say the 2020 election. But if you ask a policy wonk, you may get a different answer. Especially if we’re allowed to tweak the question a bit...
by Dan Mitchell | Jan 8, 2021 | Big Government, Blogs, Economics
For supporters of sensible policy, 2008 was not a good year. The economy suffered a big drop thanks to bad government policies (easy-money from the Federal Reserve and corrupt housing subsidies from Fannie Mae and Freddie Mac). So what did politicians do? Sadly, they...
by Dan Mitchell | Jan 7, 2021 | Blogs, Capital Gains, Economics, Taxation
A “capital gain” occurs when you buy something and later sell it for a higher price. A capital gains tax is when politicians decide they get to grab a slice of that additional wealth. I’ve repeatedly explained that it is economically foolish to have such a tax because...
by Dan Mitchell | Jan 6, 2021 | Blogs, Taxation
After November’s election, I figured we would have gridlock. Biden would propose some statist ideas, but they would be blocked by Republicans in the Senate. All things considered, not a bad outcome. But Democrats won the run-off elections yesterday for both Georgia...
by Dan Mitchell | Jan 5, 2021 | Blogs, Free Market
In an ad during last year’s campaign, Kamala Harris asserted that “equitable treatment means we all end up at the same place.” In other words, lots of class-warfare taxation to finance lots of means-tested redistribution. Here’s an oft-used meme illustrating this...
