by Dan Mitchell | Aug 8, 2019 | Blogs, Economics, Supply Side, Taxation
At the risk of over-simplifying, the difference between “supply-side economics” and “demand-side economics” is that the former is based on microeconomics (incentives, price theory) while the latter is based on macroeconomics (aggregate demand, Keynesianism). When...
by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation
In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
by Dan Mitchell | Aug 2, 2019 | Blogs, Taxation
When I write about Estonia, I generally have something nice to say. Estonia has a non-discriminatory flat tax. Estonian lawmakers know how to cut spending. Estonia has a very good corporate tax system. Estonia has a high level of economic freedom. Estonia shrank...
by Dan Mitchell | Aug 1, 2019 | Blogs, Economics, Taxation
Assuming the goal is faster growth and higher living standards, there are three core principles of good tax policy. Low marginal tax rates on productive activity such as work and entrepreneurship. No tax bias (i.e., extra layers of tax) against saving and investment....
by Dan Mitchell | Jul 31, 2019 | Big Government, Blogs, Government Spending
The invaluable John Stossel has an entertaining and informative video that estimates how many handouts are being promised by Joe Biden, Pete Buttigieg, Kamala Harris, Bernie Sanders, Donald Trump, and Elizabeth Warren. Wow, how depressing. When I wrote about about the...
