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....
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...
