by Dan Mitchell | Jul 29, 2012 | Blogs, Economics, Tax Competition, Taxation
Considering that every economic theory agrees that living standards and worker compensation are closely correlated with the amount of capital in an economy (this picture is a compelling illustration of the relationship), one would think that politicians – particularly...
by Dan Mitchell | Jul 9, 2012 | Blogs, Economics, Laffer Curve, Taxation
I’m not a big fan of government conspiracy theories, largely because the people in Washington are too bloody incompetent to do anything effectively. Heck, sometimes they can’t even waste money properly even though they have lots of practice. But it recently crossed my...
by Dan Mitchell | Jun 19, 2012 | Big Government, Blogs, Government Spending, Taxation
To answer the question in the title, it means you need to read the fine print. This is because we have a president who thinks the government shouldn’t confiscate more than 20 percent of a company’s income, but he only gives that advice when he’s in Ghana. And the same...
by Dan Mitchell | May 14, 2012 | Blogs, Taxation
President Obama’s fiscal policy is a dismal mixture. On spending, he wants a European-style welfare state. On taxes, he is fixated on class-warfare tax policy. If we want to know the consequences of that approach, we can look at the ongoing collapse of Greece. Or, if...
by Dan Mitchell | May 7, 2012 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation
Even though he is a foolish statist, I wanted Francois Hollande to win the French presidency. Sarkozy was a statist as well, after all, and my “Richard Nixon Disinfectant Rule” says that it’s better to have the out-of-the-closet statist prevail in such contests in...
