Big Government bailouts haven’t just been directed toward businesses and Wall Street, they’ve also been deployed to prop up Big Governments. Having taken “stimulus” money while fully aware that it was a one-time windfall, politicians in many…
Daily Analysis
Dan Mitchell Gets Results
I gave a speech in Hungary about two weeks ago and now the government has announced a big step in the direction of better fiscal policy. According to Reuters, “Hungary’s new government plans to introduce a flat personal income tax of 16 percent from 2011,…
Europe's Greedy Politicians Resent Switzerland's Pro-Growth Tax Policy
This story from Business Week warmed my heart. Switzerland’s cantons are competing to create better tax policy, and this is attracting companies seeking to escape the kleptocracies elsewhere in Europe. This shows the value of tax competition (imagine how bad…
Greece’s Problem Is High Tax Rates, not Tax Evasion
The New York Times has an article describing widespread tax evasion in Greece, along with an implication that the country’s fiscal crisis is largely the result of unpaid taxes and could be mostly solved if taxpayers were more obedient to the state. This is an…
The IMF Is Urging Governments to Adopt Regulatory and Tax Cartels to Benefit Politicians
Price fixing is illegal in the private sector, but unfortunately there are no rules against schemes by politicians to create oligopolies in order to prop up bad government policy. The latest example comes from the bureaucrats at the International Monetary Fund, who…
Awful Tax System Causing a Growing Number of Americans to "Go Galt"
Being an American citizen is an honor in many ways, but it is a huge millstone around the neck for highly successful investors and entrepreneurs because of an oppressive and complex tax system. This is particularly true for those based in and/or competing in global…
More Sarkozy Demagoguery on Financial Regs.
Nicholas Sarkozy spoke at Columbia University in New York on Monday and, as he has done before, demonstrated that everyone who calls themselves a conservative is not a free marketer. The French President pressed for an expansion of global financial bureaucracies and…
America’s Tax Haven Policies Attract $Trillions of Job-Creating Investment.
I think it is very nice when left-wing groups publish reports that make the case for pro-market policies A recent example is a report from the Center for International Policy, which wants to demonize so-called tax havens, but their report shows that the United States…