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The Laffer Curve Strikes Again: Revenues Falling in Spite of (or Perhaps Because of) Spain’s Punitive Corporate Tax Rate

by Dan Mitchell | Oct 4, 2012 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation

I’ve shared evidence from around the world (England, Italy, the United States, and France) and from various states (Illinois, Oregon, Florida,Maryland, and New York) to argue that it is foolish to ignore the Laffer Curve. Not that it makes any difference. I’m slowly...

John Stossel Exposes the Fraud of Government Job Training Programs

by Dan Mitchell | Oct 3, 2012 | Blogs, Economics

There have been lots of studies showing that there’s no benefit to job training programs. People who sign up with these government schemes are not more likely to either get jobs or to earn more money. Heck, even the New York Times was forced to acknowledge that these...

France’s Fiscal Suicide

by Dan Mitchell | Oct 2, 2012 | Big Government, Blogs, Economics, Laffer Curve, Taxation

I try to be self aware, so I realize that I have the fiscal version of Tourette’s. Regardless of the question that is asked, I’m tempted to blurt out that the answer is to reduce the burden of government spending. But sometimes that’s exactly the right prescription,...

It’s Wrong for Federal Tax Deductions to Encourage Bad Fiscal Policy by State and Local Governments

by Dan Mitchell | Sep 30, 2012 | Blogs, Economics, States, Taxation

I have a handful of simple rules for good tax policy. Keep government small, since it’s impossible to have a reasonable tax system with a bloated welfare state. Keep tax rates low to minimize penalties against income, production, and wealth creation. Since capital...

Another Push for Global Taxation from the United Nations

by Dan Mitchell | Sep 29, 2012 | Blogs, Economics, Tax Competition, Taxation

I spoke at the United Nations back in May, explaining that more government was the wrong way to help the global economy. But I guess I’m not very persuasive. The bureaucrats have just released a new report entitled, “In Search of New Development Finance.” As you can...
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