by Dan Mitchell | Sep 6, 2024 | Blogs, Economics, Socialism
Was my three-part series (here, here, and here) on Venezuelan socialism unfair? I focused on boring and technical data regarding living standards. At first glance, those numbers make Venezuela look bad. But maybe per-capita GDP dropped because rich people...
by Dan Mitchell | Sep 5, 2024 | Blogs, Taxation
As part of her equality-of-outcomes agenda, Kamala Harris wants to impose lots of soak-the-rich tax increases on investors, entrepreneurs, business owners, and other upper-income taxpayers. Here’s a partial list (for the full list of class-warfare...
by Dan Mitchell | Sep 4, 2024 | Big Government, Blogs, Economics
Four years ago, I shared a video that explained that 19th century cronyism and industrial policy in America was just as wasteful, corrupt, and ineffective as the 20th century version (think Japan) or the 21st century version...
by Dan Mitchell | Sep 3, 2024 | Big Government, Blogs, Welfare and Entitlements
In my two-part series on how best to reduce poverty (see here and here), I argued that the goal should be to help poor people climb the economic ladder, not to make indolence a comfortable way of life. Unfortunately, many Republicans and Democrats...
by Dan Mitchell | Sep 2, 2024 | Blogs, States, Tax Competition, Taxation
Massachusetts used to have a flat tax, but I warned back in 2019 that it was in danger. Sadly, my fears were warranted. In 2022, the state’s misguided voters approved a referendum to replace the flat tax with a system based on class warfare (a...
