The title of this post sounds like the beginning of a strange joke, but it’s actually because we’re covering three issues today. Our first topic is corporate taxation. More specifically, we’re looking at a nation that seems to be learning that it’s foolish the have a punitive corporate tax system. By way of background, the […]
read more...From a macro perspective, the most distressing aspect of America’s education system is that taxpayers spend a lot of money (more than any other people in the world, on a per-student basis) and we get very mediocre results. And it’s getting worse over time. This famous chart, prepared by my colleague Andrew Coulson, shows how spending and […]
read more...Our leftist friends have decided that income inequality is a scourge that must be addressed. That might be a noble goal if they were motivated by a desire to improve the lives of the less fortunate. Based on their policy proposals, though, it appears that the main goal is to punish the so-called rich. And they’re so fixated […]
read more...Why are so many people upset that the Obama White House keeps arbitrarily changing parts of Obamacare – even when bad provisions are being suspendedor certain groups are being exempted from bad policy? Well, some of them may simply dislike Obama or government-run healthcare, and there’s nothing wrong with being against a politician or rejecting bigger government. But the […]
read more...In previous columns, I’ve explained why a wealth tax is a very bad idea. And I’ve also pontificated on why leftists are wrong to pursue policies of coerced equality. So it goes without saying that I’m a big fan of a new Wall Street Journal column by John Steele Gordon. He writes that the anti-wealth ideology animating the political elite is based on a fundamental […]
read more...I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated, long-run growth is the best way of reducing poverty and boosting living standards. […]
read more...I’ve never been susceptible to the claim that you solve problems with taxpayer money. Indeed, this amusing poster is a pretty good summary of my views on the effectiveness of government spending. But what about the horrific stories about veterans dying because of secret waiting lists and bureaucratic skullduggery at the Veterans Administration? I want to take […]
read more...I’m in Vancouver, Canada, for the biennial meeting of the World Taxpayers Associations. I gave a speech on why tax competition is a valuable force to constrain the greed of the political class, but warned the audience that high-tax governments and international bureaucracies are using financial protectionism to coerce low-tax jurisdictions into weakening their good policies. But regular […]
read more...On many occasions, I’ve explained that economic output is a function of how much labor and capital are productively utilized. This is why I relentlessly criticize policies that undermine GDP growth by hindering the use of these “factors of production.” That’s a bit of economic jargon, but it helps to explain why we shouldn’t be discriminating against capital […]
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