by Dan Mitchell | Nov 13, 2022 | Big Government, Blogs, Taxation
In the past couple of months, I’ve repeatedly addressed the fiscal and economic mess in the United Kingdom. Today, we’re going to zoom out and identify the main cause of all the problems. If you look at the annual budget...
by Dan Mitchell | Nov 3, 2022 | Blogs, Economics, Taxation
The Laffer Curve is a very straightforward concept. It graphically illustrates why politicians are wrong if they think you can double tax revenue by doubling tax rates (or that revenues will drop by 50 percent if tax rates are cut in half)....
by Dan Mitchell | Oct 26, 2022 | Big Government, Blogs, Europe, Government Spending, Taxation
I discussed Italy’s looming fiscal crisis on Monday and then argued against a potential bailout on Tuesday. Today, let’s focus on the rest of Europe. I gave a presentation yesterday in Brussels about “Public Finances in the Eurozone” and used the...
by Dan Mitchell | Oct 3, 2022 | Uncategorized
A wealth tax is an extraordinarily destructive way for governments to generate revenue. It violates the principles of sensible tax policy and it does a lot of damage since people have less incentive to save and invest. It’s...
by Dan Mitchell | Aug 12, 2022 | Big Government, Blogs, Taxation
Even though they ostensibly exist to promote economic growth, the International Monetary Fund (IMF) and Organization for Economic Cooperation and Development (OECD) have an unfortunate track record of promoting higher taxes and bigger government. Not that we...
