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...
by Dan Mitchell | Apr 3, 2019 | Blogs, Capital Gains, Taxation
President Kennedy’s tax rate reductions were a big success. Sadly, very few modern Democrats share JFK’s zeal for pro-growth tax policy. Bernie Sanders wants a huge increase in the death tax. Elizabeth Warren wants a punitive wealth tax. Alexandria Ocasio-Cortez and...
by Dan Mitchell | Feb 24, 2019 | Blogs, Economics
I don’t always fully agree with Will Wilkinson of the Niskanen Institute, but I’m an avid reader of his work because he writes intelligently on issues that I care about. I especially like it when we’re on the same side. A good example is his recent column about...
