by Dan Mitchell | Jan 3, 2020 | Blogs, Taxation
I want more people to become rich. That’s why I support free markets. But a few already-rich people say such silly things that I wonder whether a big bank account somehow can lead to a loss of common sense. For background information on this issue, there’s...
by Dan Mitchell | Dec 18, 2019 | Blogs, States
Based on rhetoric, the Democratic Party is committed to a class-warfare agenda. They want higher income tax rates, higher capital gains taxes, higher Social Security taxes, higher death taxes, a new wealth tax, and many other tax hikes that target upper-income...
by Dan Mitchell | Dec 6, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation
Arthur Okun was a well-known left-of-center economist last century. He taught at Yale, was Chairman of the Council of Economic Advisors for President Lyndon Johnson, and also did a stint at Brookings. In today’s column, I’m not going to blame him for any of LBJ’s...
by Dan Mitchell | Nov 15, 2019 | Blogs, Economics, Taxation
With their punitive proposals for wealth taxes, Bernie Sanders and Elizabeth Warren are leading the who-can-be-craziest debate in the Democratic Party. But what would happen if either “Crazy Bernie” or “Looney Liz” actually had the opportunity to impose such levies?...
by Dan Mitchell | Nov 7, 2019 | Blogs, Capital Gains, Taxation
Last month, I accused Elizabeth Warren of being a “fiscal fraud” for proposing a multi-trillion dollar government takeover of healthcare. She then unveiled a plethora of class-warfare taxes. As I discussed yesterday on CNBC, she even wants to tax capital gains even if...
