by Dan Mitchell | Aug 30, 2021 | Blogs, Capital Gains, Economics, Featured, Taxation
Public finance theory teaches us that the capital gains tax should not exist. Such a levy exacerbates the bias against saving and investment, which reduces innovation, hinders economic growth, and lowers worker compensation. All...
by CF&P | Aug 27, 2021 | Featured, Publications
The Economic Effects Of Proposed Changes to the Tax Treatment of Capital Gains [PDF Version] August 2021 John W. DiamondDirector, Center for Public FinanceEdward A. and Hermena Hancock Kelly Fellow in Public FinanceRice University’s Baker Institute for Public...
by Dan Mitchell | Aug 5, 2021 | Blogs, Featured, Free Market, Uncategorized
As I’ve repeatedly pointed out, capitalism (oops, I mean free enterprise) is far superior than the various forms of statism. Just last month, I shared a video with 20 example of market-friendly jurisdictions growing much faster than...
by Dan Mitchell | Aug 3, 2021 | Blogs, Economics, Featured, Monetary Policy
I’m not a big fan of the Federal Reserve, mostly because of its Keynesian monetary policy. Incumbent politicians often applaud when the central bank intervenes to create excess liquidity and artificially low interest rates. That’s because the...
by Dan Mitchell | Jun 25, 2021 | Featured, Tax Competition, Tax Harmonization, Taxation
Yesterday’s column explained why Biden’s proposed global cartel for corporate taxation was a bad idea. In this clip from a recent panel hosted by the Austrian Economics Center in Vienna, I speculated on whether the plan would become reality. I encourage you to watch...
by Dan Mitchell | Jun 24, 2021 | Blogs, Featured, Tax Competition, Taxation
When governments have to compete with each other, we get lower tax rates. That’s good for taxpayers and good for growth. But politicians hate limits on their taxing power, which is why Biden has proposed a global tax cartel. Here are some of my remarks made yesterday...
