by Dan Mitchell | Sep 10, 2023 | Blogs
Wealth taxation is one of the most self-destructive policies that politicians can impose on a nation. Such laws directly divert existing capital from the private sector and discourage the accumulation of new capital. This means less long-run prosperity,...
by Dan Mitchell | Sep 1, 2023 | Blogs, Taxation
I wrote in 2017 that class warfare in the 1950s did not work because well-to-do taxpayers could choose to earn less, evade taxes, or avoid taxes. In this video, Brian Domitrovic elaborates on the failure of confiscatory tax rates. Let’s dig deeper...
by Dan Mitchell | Jun 20, 2023 | Blogs, Taxation
Last month (May), I wrote that Switzerland was the world’s best-governed nation, based on the latest Misery Index. The month before that (April), I wrote about Switzerland ranking #1 in the Human Freedom Index. And the month before that...
by Dan Mitchell | Jun 12, 2023 | Blogs, Education
No matter how you slice the data (federal income tax, all federal taxes, state taxes, local taxes, total taxes, etc), rich people shoulder a disproportionate share of America’s fiscal burden. Indeed, the United States has a more “progressive”...
by Dan Mitchell | May 11, 2023 | Blogs, Energy, Taxation
Good folks on the left (and every other part of the spectrum) push for equality of opportunity. And what’s great about that approach is that more opportunity for one person does not require less opportunity for another person. Bad folks on the left push for...
