by Dan Mitchell | Jan 9, 2022 | Blogs, Economics
There are many well-meaning people who support statist policies such as punitive taxation because they believe in the zero-sum fallacy, which is explained in this short video by Madsen Pirie of London’s Adam Smith Institute. The zero-sum fallacy is especially noxious...
by Dan Mitchell | Dec 9, 2021 | Blogs, Society
I have a four-part series (here, here, here, and here) that explains why it’s much better to focus on fighting poverty rather than fretting about inequality. I also think that our friends on the left who fixate on inequality are...
by Dan Mitchell | Nov 5, 2021 | Blogs, States, Taxation
There’s a political party in the United States – the Democrats – that represents rich people and it is trying very hard to cut taxes for those rich people. Since I don’t resent rich people (indeed, I applaud them if they earn their money...
by Dan Mitchell | Nov 4, 2021 | Blogs, Capital Gains, States, Taxation
To finance a bigger welfare state and create more dependency, President Biden and his congressional allies have been contemplating all sorts of tax increases. Higher corporate tax ratesHigher capital gains tax ratesHigher personal income tax ratesMore...
by Dan Mitchell | Oct 29, 2021 | Blogs, Taxation
The good news is that President Biden wants the United States to be at the top. The bad news is that he wants America to be at the top in bad ways. The highest corporate income tax rate.The highest capital gains tax...
