by Dan Mitchell | Feb 15, 2022 | Big Government, Blogs, Taxation
It is not difficult to understand the economics of taxation. Simply stated, the more you tax of something, the less you get of it. You can show the adverse impact of taxation with supply-and-demand curves (very helpful for understanding “deadweight loss“). But...
by Dan Mitchell | Feb 4, 2022 | Blogs, Health Care, Taxation
I wrote last month about a tax-and-spend proposal for single-payer healthcare in California (sort of a state version of “Medicare for All“). I also analyzed the scheme in this discussion with Gene Tunny of Australia. What’s remarkable, as Gene mentioned in...
by Dan Mitchell | Jan 13, 2022 | Big Government, Blogs, Government Spending, Taxation
As part of a recent discussion with Gene Tunny in Australia, I explained why I support “Starve the Beast,” which means keeping taxes as low as possible to help achieve the goal of spending restraint. The premise of Starve the Beast is very simple. Politicians like to...
by Dan Mitchell | Jan 12, 2022 | Blogs, Taxation
I wrote back in 2012 that California voters opted for “slow-motion economic suicide” by voting to raise the state’s top income tax rate to 13.3 percent. Sure enough, having the nation’s highest state income tax rate has been bad news. More and...
by Dan Mitchell | Dec 15, 2021 | Big Government, Blogs, Government Spending, Taxation
The fight over President Biden’s budget, the so-called Build Back Better plan, has revolved around very important issues. The adverse impact of expanding the welfare state, particularly the per-child handouts.The anti-growth...
