by Dan Mitchell | Aug 17, 2016 | Blogs, Taxation
If I had to summarize my views on fiscal policy in just two sentences, here’s what I would say. Government spending undermines growth by diverting labor and capital from more productive uses to less productive uses. Tax rates on productive economic behaviors such as...
by Dan Mitchell | Jul 9, 2016 | Blogs, Tax Competition, Taxation
While Switzerland is one of the world’s most market-oriented nations, ranked #4 by Economic Freedom of the World, it’s not libertarian Nirvana. Government spending, for instance, consumes about one-third of economic output. That may be the second-lowest level among...
by Dan Mitchell | Jul 2, 2016 | Big Government, Blogs, Welfare and Entitlements
As I’ve pointed out before, the big difference between the United States and Europe is not taxes on the rich. We both impose similar tax burden on high-income taxpayers, though Europeans are more likely to collect revenue from the rich with higher income tax rates and...
by Dan Mitchell | Apr 14, 2016 | Big Government, Blogs, Taxation
If you follow the contest between Hillary Clinton and Bernie Sanders, most of the tax discussion is about who has the best plan to squeeze the rich with ever-higher tax rates. For those motivated by spite and envy, Bernie Sanders “wins” that debate since he wants...
by Dan Mitchell | Mar 30, 2016 | Blogs, Economics, Laffer Curve, Taxation
Hillary Clinton and Bernie Sanders are basically two peas in a pod on economic policy. The only difference is that Sanders wants America to become Greece at a faster rate. Folks on the left may get excited by whether we travel 60 mph in the wrong direction or 90 mph...
