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Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality

Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality

by Dan Mitchell | Aug 7, 2021 | Blogs, Taxation

There are divisions of the right between small-government conservatives, reform conservatives, common-good capitalists, nationalist conservatives, and compassionate conservatives. There are also divisions on the left, as illustrated...
Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis)

Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis)

by Dan Mitchell | Jul 24, 2021 | Blogs, Capital Gains, Taxation

It’s presumably not controversial to point out that the Washington Post (like much of the media) leans to the left. Indeed, the paper’s bias has given me plenty of material over the years. As you can see, what really irks me is when the bias translates...
Biden’s Class-Warfare Agenda Is Bad News According to Academic Research on Taxes and Growth

Biden’s Class-Warfare Agenda Is Bad News According to Academic Research on Taxes and Growth

by Dan Mitchell | May 27, 2021 | Blogs, Economics, Taxation

Back in 2013, the Tax Foundation published a report that reviewed 26 academic studies on taxes and growth. That scholarly research produced a very clear message: The overwhelming consensus was that higher tax rates were bad news for prosperity,...
Arthur Okun, Class Warfare, Redistribution, and Income Growth

Arthur Okun, Class Warfare, Redistribution, and Income Growth

by Dan Mitchell | May 4, 2021 | Big Government, Blogs

There are all sorts of long-running battles in the economics profession, perhaps most notably the never-ending dispute about Keynesian economics. Another contentious issues is the degree to which society should accept less growth in order to achieve...
Biden Wants America to Have the World’s Highest Tax Burden on Capital Gains

Biden Wants America to Have the World’s Highest Tax Burden on Capital Gains

by Dan Mitchell | Apr 23, 2021 | Blogs, Capital Gains, Taxation

Because of the negative impact on competitiveness, productivity, and worker compensation, it’s a very bad idea to impose double taxation of saving and investment. Which is why there should be no tax on capital gains, and a few nations...
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