by Dan Mitchell | Oct 24, 2020 | Blogs, Tax Competition, Taxation
When I opine about class-warfare taxation, I generally focus on the obvious argument that it’s not a good idea to penalize people for creating prosperity. This argument against punitive tax policy is based on the fact that entrepreneurs, investors, business owners,...
by Dan Mitchell | Oct 23, 2020 | Blogs, Economics, Minimum Wage
In another display of selfless masochism, I watched the Trump–Biden debate last night. The candidates behaved better, for whatever that’s worth, but I was disappointed that there so little time (and even less substance) devoted to economic issues. One of the few...
by Dan Mitchell | Oct 22, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
The good news is that the election season is almost over. The bad news is that we’ll have a president next year who does not embrace classical liberal principles of free markets and social tolerance. But that doesn’t mean Trump and Biden are equally bad. Depending on...
by Dan Mitchell | Oct 21, 2020 | Blogs, Economics, States
Back in July, I wrote a three-part series designed to identify the states with the greediest politicians. Part I was based on the top income tax rate in each state. Part II was based on the sales tax rate in each state. Part III was based on the burden of government...
by Dan Mitchell | Oct 20, 2020 | Blogs, Taxation
Since Americans are not as sensible as the Swiss, I’m generally not a fan of direct democracy in the United States. Simply stated, I don’t like untrammeled majoritarianism, which occurs when 51 percent of voters can pillage 49 percent of voters. But I’ll admit that...
