by Dan Mitchell | May 6, 2024 | Blogs, Taxation
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps...
by Dan Mitchell | May 2, 2024 | Big Government, Blogs, Economics
Just a few months ago, I wrote about Germany’s fiscal decay. Over the past eight years, government spending has grown much faster than the private sector, thus violating the Golden Rule of fiscal policy. Given the shift to bad policy in Germany, I...
by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending
I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
by Dan Mitchell | Apr 27, 2024 | Blogs, Capital Gains, Tax Competition, Taxation
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which...
by Dan Mitchell | Apr 23, 2024 | Big Government, Blogs, Government Spending, Taxation
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be...
