by Dan Mitchell | May 22, 2018 | Blogs, Economics, Free Market
This morning in Monaco, I moderated a panel for the Convention of Independent Financial Advisors on the implications of an “uber-ized” economy. In my introductory comments, I asserted that the best part of capitalism was “creative destruction.” Simply stated, we all...
by Dan Mitchell | May 21, 2018 | Blogs, Economics
I’m currently in Monaco, which is a remarkable place for two reasons. First, it has an unusual economic model. There is no income tax, and you won’t be surprised to learn that I think this helps to explain why it is the world’s richest jurisdiction. Makes me wish we...
by Dan Mitchell | May 20, 2018 | Big Government, Blogs, Economics
As a general rule, we worry too much about deficits and debt. Yes, red ink matters, but we should pay more attention to variables such as the overall burden of government spending and the structure of the tax system. That being said, Greece shows that a nation can...
by Dan Mitchell | May 10, 2018 | Big Government, Blogs, Economics, Taxation
A couple of months ago, I thought I did something meaningful by sharing six separate examples of the International Monetary Fund pressuring sub-Saharan African nations to impose higher tax burdens. This was evidence, I suggested, that the IMF had a disturbing agenda...
by Dan Mitchell | May 8, 2018 | Blogs, Economics, Taxation
I was a big fan of the lower corporate tax rate in last year’s tax bill, largely because I want a better investment climate, which then will lead to higher productivity and rising wages. Simply stated, the current tax code (as shown in the chart) has a very harsh bias...
