by Dan Mitchell | Sep 24, 2024 | Blogs, Economics
Looking at measures of relative global prosperity, Chinese people are rich in Singapore. They are rich in Hong Kong. And they are rich in Taiwan. Americans of Chinese descent also are rich. So why is China not also rich? The answer is bad...
by Dan Mitchell | Sep 10, 2024 | Big Government, Blogs, Europe
Less than two weeks ago, I wrote about anemic economic performance in Europe. So I was very interested to see that the European Commission just issued a report about improving European Competitiveness. Spearheaded by Mario Draghi, the former...
by Dan Mitchell | Sep 2, 2024 | Blogs, States, Tax Competition, Taxation
Massachusetts used to have a flat tax, but I warned back in 2019 that it was in danger. Sadly, my fears were warranted. In 2022, the state’s misguided voters approved a referendum to replace the flat tax with a system based on class warfare (a...
by Dan Mitchell | Aug 15, 2024 | Blogs, States
In 2022, I wrote a two-part series (here and here) about fiscal decay in Illinois. I’m motivated to add Part III today because of this chart from Chris Edwards, which shows how many upper-income taxpayers are moving into a state compared to how...
by Dan Mitchell | Jul 18, 2024 | Blogs, Economics
I’ve been writing about China this week (see here and here) because I’m teaching economics at Northeastern University in Shenyang. But, regardless of my location, I probably would be writing about China this week anyhow because the country’s leadership has been having...
