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If You Think Corporate Inversions Are Bad, Blame Politicians rather than Pfizer

by Dan Mitchell | Nov 23, 2015 | Blogs, Economics, Taxation

Here we go again. The politicians in Washington are whining and complaining that “evil” and “greedy” corporations are bring traitors by engaging in corporate inversions so they can leave America. The issue is very simple. The United States has a very unfriendly and...

The Value-Added Tax: A Nixonian Scheme to Fund Bigger Government

by Dan Mitchell | Nov 21, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation, VAT

In early 2013, a reader asked me the best place to go if America suffered a Greek-style economic collapse. I suggested Australia might be the best option, even if I would be too stubborn to take my own advice. Perhaps because of an irrational form of patriotism, I’m...
The State With the Best Tax Policy Is Actually South Dakota

The State With the Best Tax Policy Is Actually South Dakota

by Dan Mitchell | Nov 20, 2015 | Blogs, Economics, Taxation

Federalism is great for many reasons. When you have dozens of states with the freedom to choose different policies, you get lots of innovation and diversity, which helps identify policies that work. You also can minimize the cost of mistakes. When a policy error...

Elizabeth Warren’s Anti-Empirical Approach to Corporate Taxation

by Dan Mitchell | Nov 19, 2015 | Blogs, Economics, Laffer Curve, Taxation

Whatever happened to Elizabeth Warren? A couple of years ago, she was the pin-up girl for the crazy left thanks to fatuous statements about “you didn’t build that.” But now she’s faded into the background and other politicians are getting more attention for their...
Yes, We Should Clip the Wings of the Federal Reserve’s Philosopher Kings

Yes, We Should Clip the Wings of the Federal Reserve’s Philosopher Kings

by Dan Mitchell | Nov 17, 2015 | Blogs, Economics

We’ve been suffering through the weakest recovery since the Great Depression. Labor force participation hasn’t recovered and median household income is stagnant. So how are our benevolent and kind overseers in Washington responding? Are they reducing the burden of...
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