by Dan Mitchell | Jun 28, 2021 | Blogs, Economics, Taxation
I’ve been arguing against Biden’s proposed increase in business taxation by pointing out that higher corporate taxes will be bad news for workers, consumers, and shareholders. Everyone agrees that shareholders get hurt. After all, they’re the...
by Dan Mitchell | Jun 22, 2021 | Blogs, Economics, Free Market
Last week, I shared Part I of my discussion with John Stossel about “capitalism myths.” Here’s Part II. In the first video, we discussed three myths about free enterprise. Myth #1 – Capitalists get rich by ‘taking’ money from others.Myth #2 – The rich getting richer,...
by Dan Mitchell | Jun 21, 2021 | Blogs, Economics
Politicians impose higher tax costs on tobacco because they want less smoking. And environmentalists want higher gas prices so there will be less driving. And, as explained in this video, higher minimum wages for low-skilled labor will reduce...
by Dan Mitchell | Jun 20, 2021 | Blogs, Economics, Supply Side, Taxation
When studying the economic of taxation, one of the most important lessons is that there should be low marginal tax rates on work, saving, investment, and entrepreneurship. That’s also the core message of this video from Prof. John Cochrane. I...
by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending
Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
