by Dan Mitchell | Sep 1, 2020 | Big Government, Blogs, Economics, Government Spending
If Donald Trump wins the 2020 election, I don’t expect any serious effort to rein in the burden of government spending. And if Joe Biden wins the 2002 election, I don’t expect any serious effort to rein in the burden of government spending. At the risk of...
by Dan Mitchell | Aug 29, 2020 | Blogs, Economics, Taxation
Two weeks ago, I shared some video from a presentation to the New Economic School of Georgia (the country, not the state) as part of my “Primer on the Laffer Curve.” Here’s that portion of that presentation that outlines the principles of sensible taxation. Just in...
by Dan Mitchell | Aug 12, 2020 | Blogs, Taxation
Speculating about tax policy in 2021, with Washington potentially being controlling by Joe Biden, Chuck Schumer, and Nancy Pelosi, there are four points to consider. The bad news is that Joe Biden has endorsed a wide range of punitive tax increases. The good news is...
by Dan Mitchell | Aug 10, 2020 | Big Government, Blogs, Government Spending
Compared to most of the world, Japan is a rich country. But it’s important to understand that Japan became rich when the burden of government was very small and there was no welfare state. Indeed, as recently as 1970, Japan’s fiscal policy was rated by Economic...
by Dan Mitchell | Aug 7, 2020 | Blogs, Economics, Tax Competition, Taxation
Largely because of my support for jurisdictional competition, I’m a big fan of federalism. Simply stated, our liberties are better protected when there’s decentralization since politicians are less like to over-tax and over-spend when they know potential victims of...
