by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
by Dan Mitchell | Feb 6, 2024 | Blogs, Taxation
Perhaps the greatest living public intellectual is Thomas Sowell and one of his famous quotes asks our leftist friends to quantify how much of other people’s money they supposedly deserve. Another way of looking at that issue is to ask what’s the...
by Dan Mitchell | Jan 24, 2024 | Blogs, States, Tax Competition, Taxation
Almost exactly one year ago, I wrote a column about a coordinated effort to impose class-warfare tax increases in seven left-wing states. Fortunately, that effort fizzled. Meanwhile, there was continued progress in other states to lower tax rates. The net...
by Dan Mitchell | Dec 2, 2023 | Blogs, Economics
Assuming that income and wealth are honestly earned (rather than from government favoritism), I don’t worry or object to some people being rich. Indeed, I celebrate their success. Some friends on the left, however, mistakenly think the economy is a...
by Dan Mitchell | Oct 2, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Mostly because of an aging population, entitlement spending in the United States is projected to become a much bigger burden. Without reform of those programs, the U.S. within a few decades will have a European-sized level of government spending....
