by Dan Mitchell | Dec 18, 2022 | Blogs, Education, Taxation
Since my specialty in economics is fiscal policy, I’m used to wonky (and perhaps boring) debates about topics such as marginal tax rates, Keynesianism, and the Armey-Rahn Curve. But there’s also a moral component to fiscal...
by Dan Mitchell | Aug 10, 2022 | Blogs, Taxation
Whenever I discuss the varying types of double taxation on saving and investment (capital gains tax, dividend tax, corporate income tax, death tax, wealth tax, etc), I always emphasize that such levies discourage capital...
by Dan Mitchell | Aug 3, 2022 | Blogs, Economics, Taxation
The capital gains tax is double taxation, and that’s a bad idea (assuming the goal is faster growth and higher wages). Let’s consider how it discourages investment. People earn money, pay tax on that money, and then need to...
by Dan Mitchell | Jul 20, 2022 | Blogs, Taxation
The people of Chile elected a Bernie Sanders-style leftist last December and one of his crazy ideas is a wealth tax. In a discussion with Axel Kaiser, I explain why this destructive levy is misguided. A wealth tax would be bad news in Chile. It also would be bad news...
by Dan Mitchell | Jun 2, 2022 | Blogs, Economics, Taxation
Good tax policy should strive to solve the three major problems that plague today’s income tax. Punitive tax rates on productive behavior.Double taxation of saving and investmentCorrupt, complex, and inefficient loopholes. Today, let’s focus on the...
