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 | Aug 2, 2022 | Blogs, Economics, Free Market
At the start of this interview, I cite Economic Freedom of the World and the Index of Economic Freedom to make the point that more economic liberty is correlated with more human prosperity. For purposes of today’s column, I want to focus on the last half of the...
by Dan Mitchell | Jul 23, 2022 | Blogs, Economics, Taxation
Here is the argument why corporate tax rates should be as low as possible. High corporate tax rates discourage investment.Less investment reduces worker productivity.Lower rates of productivity result in lower wages. In an ideal world, there would...
by Dan Mitchell | Jul 18, 2022 | Blogs, Economics, Taxation
I’ve written a few columns that explain tax principles, but this video from the Tax Foundation may be the best place to start if you have friends or colleagues who need to learn the basics. As part of the article that accompanies the video, the Tax...
by Dan Mitchell | Jul 16, 2022 | Blogs, Economics
There has been plenty of bad economic news for Joe Biden, most notably rising levels of inflation. He also is being criticized for his tax-and-spend fiscal agenda. And mocked for his assertions about red ink. But I think his main problem is this...
