by CF&P | Aug 12, 2020 | Publications, White Papers
The Economic Effects of Wealth Taxes [PDF Version] August 2020 John W. Diamond and George R. Zodrow, Tax Policy Advisers LLC Executive Summary In this paper, we estimate the economic effects of the wealth tax proposed by Senator Warren using a computable general...
by Dan Mitchell | Feb 5, 2020 | Big Government, Blogs, Government Spending
In an amazing display of incompetence, we still don’t know whether Bernie Sanders or Pete Buttigieg won the Iowa caucus. This has created some opportunities for satire, with people asking how a political party that can’t properly count 200,000 votes somehow can...
by Dan Mitchell | Jan 26, 2020 | Blogs, Education
Barack Obama’s strategy during the 2008 campaign was very shrewd. His statist policy positions and doctrinaire Senate voting record (almost identical to Bernie Sanders) made him very appealing to the left, yet he also made himself acceptable to other voters with a...
by Dan Mitchell | Dec 6, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation
Arthur Okun was a well-known left-of-center economist last century. He taught at Yale, was Chairman of the Council of Economic Advisors for President Lyndon Johnson, and also did a stint at Brookings. In today’s column, I’m not going to blame him for any of LBJ’s...
by Dan Mitchell | Nov 24, 2019 | Blogs, Education
If I had to identify the most economically destructive part of Senator Elizabeth Warren’s agenda, I’d have a hard time picking between her confiscatory wealth tax and her so-called Medicare-for-All scheme. The former would dampen wages and hinder growth by penalizing...
