by Dan Mitchell | Jun 26, 2019 | Big Government, Blogs, Taxation
I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have...
by Dan Mitchell | May 21, 2019 | Blogs, Economics
Looking at issues such as mobility, fairness, and inequality, I’ve recently shared excellent videos from Russ Roberts and John Stossel. I also had an opportunity to discuss these issues yesterday on CNBC. As you can see, I started with a political observation about...
by Dan Mitchell | May 20, 2019 | Blogs, Economics
In the debate over “fairness,” my statist friends mistakenly see the economy as a fixed pie. This leads them to claim that rich people are rich because poor people are poor. But there’s no data to support this position (other than in kleptocracies such as Venezuela...
by Dan Mitchell | May 12, 2019 | Blogs, Economics
Because they wrongly assume the economy is a fixed pie, some of my friends on the left think it’s bad for there to be rich people. They actually think that must mean the rest of us have less income. But that’s not true. At least it’s not accurate if we start with the...
by Dan Mitchell | Apr 11, 2019 | Blogs, Economics, Free Market, Taxation
Singapore is routinely ranked as the world’s 2nd-freest economy, trailing only Hong Kong. The nation’s laissez-faire approach has yielded big dividends. Singapore is now über prosperous, richer than both the United States and United Kingdom. But there are problems in...
