by Dan Mitchell | Nov 2, 2014 | Blogs, Capital Gains, Taxation
According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world. But if you don’t trust the numbers from a big accounting firm, then you can peruse a study from the pro-tax Organization for Economic...
by Dan Mitchell | Oct 24, 2014 | Blogs, Economic Growth, Economics, Taxation
Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment. Yet that’s exactly what happens...
by Dan Mitchell | Oct 15, 2014 | Big Government, Blogs, Economics, Free Market, Government Spending
I’ve had ample reason to praise Hong Kong’s economic policy. Most recently, it was ranked (once again) as the world’s freest economy. And I’ve shown that this makes a difference by comparing Hong Kong’s economic performance to the comparatively lackluster (or weak)...
by Dan Mitchell | Oct 4, 2014 | Big Government, Blogs, Economics, Europe, Government Spending, Taxation
I’m not a big fan of Obamanomics. I don’t like the President’s class-warfare mentality on taxes. I don’t like his support for Keynesian spending policy. And I don’t like his costly expansions of government such as Obamacare. Indeed, I even like mocking his reflexive...
by Dan Mitchell | Oct 2, 2014 | Big Government, Blogs, Government Spending, Tax Competition, Taxation
My colleagues Chris Edwards and Nicole Kaeding have just released the biannual Fiscal Policy Report Card on America’s Governors from the Cato Institute. The Report Card is on the Cato Institute’s most impressive publications sincedevelopments on the state level help...
