by Dan Mitchell | Sep 20, 2019 | Big Government, Blogs, Taxation
Maybe I’m just a curmudgeon, but I get rather irked when rich people endorse higher taxes. Are they trying to curry favor with politicians? Seeking some sort of favoritism from Washington (like Warren Buffett)? Or do they genuinely think it’s a good idea to...
by Dan Mitchell | Sep 19, 2019 | Blogs, Taxation
I wrote yesterday about the generic desire among leftists to punish investors, entrepreneurs, and other high-income taxpayers. Today, let’s focus on one of the specific tax hikes they want. There is near-unanimity among Democratic presidential candidates for higher...
by Dan Mitchell | Sep 18, 2019 | Blogs, Economics, Taxation
I’ve written many times about the perverse and destructive economic impact of class-warfare taxation. Today, we’re doing to look at the sloppy math associated with the fiscal plans of Bernie Sanders, Kamala Harris, Elizabeth Warren, and the rest of the soak-the-rich...
by Dan Mitchell | Sep 6, 2019 | Blogs, Economics, Tax Competition, Tax Havens, Taxation
When I wrote about the wealth tax early this year, I made three simple points. A war on wealth is a war on capital (increased double taxation is needed since rich people have a lot of saving and investment). A war on capital is a war on productivity (every economic...
by Dan Mitchell | Jun 29, 2019 | Blogs, Economics, Flat Tax, States, Taxation
Regarding fundamental tax reform, there have been some interesting developments at the state level in recent years. Utah, North Carolina, and Kentucky have all junked their so-called progressive systems and joined the flat tax club. That’s the good news. The bad news...
