by Dan Mitchell | Oct 29, 2024 | Blogs, Taxation
What’s the most radical part of Kamala Harris’ agenda? I’m tempted to say it’s what she has said about wanting the Marxist notion of “equality of outcomes.” But I suspect (or hope!) that’s just empty campaign rhetoric. If we look at the specific ideas...
by Dan Mitchell | Apr 29, 2024 | Blogs, Capital Gains, Taxation
The tax bias against saving and investment is a major problem in the United States and many other nations. According to the latest-available data from the Tax Foundation, the worst of the worst is Canada. So how does Canada’s...
by Dan Mitchell | Feb 14, 2024 | Blogs, States, Tax Competition, Taxation
Inflation is having an effect on everything, even policy analysis. Back in 2013, I wrote that Phil Mickelson was “California’s One-Man Laffer Curve” because he wanted to escape the Golden State to save about $1.2 million per year in taxes. But now, when a...
by Dan Mitchell | Feb 11, 2023 | Blogs, Capital Gains, Taxation
In 2020 and 2021, I wrote a four-part series (here, here, here, and here) about Biden’s class-warfare tax agenda. And I also wrote a series of columns about some of his worst ideas. Biden wants America to have the developed world’s highest...
by Dan Mitchell | Aug 3, 2022 | Blogs, Economics, Taxation
The capital gains tax is double taxation, and that’s a bad idea (assuming the goal is faster growth and higher wages). Let’s consider how it discourages investment. People earn money, pay tax on that money, and then need to...
