by Dan Mitchell | Mar 22, 2017 | Blogs, Taxation
Why would the economy grow faster if we got fundamental reform such as the flat tax? In part, because there would be one low tax rate instead of the discriminatory and punitive “progressive” system that exists today. As such, the penalty on productive behavior would...
by Dan Mitchell | Jan 20, 2017 | Blogs, Capital Gains, Economics, Taxation
Time for a boring and wonky discussion about taxes, capital formation, and growth. We’ll start with the uncontroversial proposition that saving and investment is a key driver of long-run growth. Simply stated, employees can produce more (and therefore earn more) when...
by Dan Mitchell | Oct 14, 2016 | Blogs, Economics, Taxation
As part of her collection of class-warfare tax proposals, Hillary Clinton wants a big increase in the death tax. This is very bad tax policy. In a good system, there shouldn’t be any double taxation of income that is saved and invested,especially since that approach...
by Dan Mitchell | Sep 28, 2016 | Blogs, Economics, Taxation
My buddy from grad school, Steve Horwitz, has a column for CapX that looks at the argument over “trickle-down economics.” As he points out (and as captured by the semi-clever nearby image), this is mostly a term used by leftists to imply that supporters of economic...
by Dan Mitchell | Sep 26, 2016 | Blogs, Economics, Taxation
What’s the worst possible tax hike, the one that would do the most economic damage? Raising income tax rates is never a good idea, and there’s powerful evidence from the 1980s about how upper-income taxpayers have considerable ability to change their behavior in...
