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Labour’s Class-Warfare Raid Will Cause Rich People to Leave the United Kingdom

Labour’s Class-Warfare Raid Will Cause Rich People to Leave the United Kingdom

by Dan Mitchell | Jul 23, 2024 | Blogs, Tax Competition, Taxation

I wrote a couple of days ago about the possibility of confiscatory taxes in France and whether that would lead to an exodus of upper-income taxpayer. Since that’s happened before, it’s very realistic to think it will happen again. Now let’s...
President Joe Biden Has Been Bad, but a President Kamala Harris Would Be Worse, Part II

President Joe Biden Has Been Bad, but a President Kamala Harris Would Be Worse, Part II

by Dan Mitchell | Jul 22, 2024 | Big Government, Blogs

Four years ago, I explained that Kamala Harris supported a very radical agenda of equality of outcomes rather than equality of opportunity. I don’t want to engage in hyperbole, but that’s unadulterated Marxism (“From each according to his ability,...
Will France Opt for Bernie Sanders-Style Taxation?

Will France Opt for Bernie Sanders-Style Taxation?

by Dan Mitchell | Jul 21, 2024 | Blogs, Taxation

Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t...
Pakistan’s Tax-and-Spend Follies

Pakistan’s Tax-and-Spend Follies

by Dan Mitchell | Jul 9, 2024 | Big Government, Blogs, Taxation

Citing a report in the New York Times, I wrote two days ago about how excessive government spending is the real reason for economic and political turmoil in Sri Lanka and Bolivia. Kenya and Pakistan also were featured in the story, but I didn’t focus on...
Labour’s More-of-the-Same Fiscal Agenda

Labour’s More-of-the-Same Fiscal Agenda

by Dan Mitchell | Jul 8, 2024 | Big Government, Blogs, Taxation

At the end of last week, I wrote about the Conservative Party’s crushing defeat in the United Kingdom. In that column, I cited the Wall Street Journal, which groused that the Tories didn’t deliver better economic policy. Indeed,...
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