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Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality

Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality

by Dan Mitchell | Aug 7, 2021 | Blogs, Taxation

There are divisions of the right between small-government conservatives, reform conservatives, common-good capitalists, nationalist conservatives, and compassionate conservatives. There are also divisions on the left, as illustrated...
Government Spending Is a Problem, Regardless of How It Is Financed

Government Spending Is a Problem, Regardless of How It Is Financed

by Dan Mitchell | Jul 28, 2021 | Big Government, Blogs, Government Spending, Taxation

Back in 2019, I listed “Six Principles to Guide Policy on Government Spending.” If I was required to put it all in one sentence (sort of), here’s the most important thing to understand about fiscal policy. This does not mean, by the way, that we should...
Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis)

Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis)

by Dan Mitchell | Jul 24, 2021 | Blogs, Capital Gains, Taxation

It’s presumably not controversial to point out that the Washington Post (like much of the media) leans to the left. Indeed, the paper’s bias has given me plenty of material over the years. As you can see, what really irks me is when the bias translates...
Biden’s Awful Plan for a Hybrid Death Tax/Capital Gains Tax

Biden’s Awful Plan for a Hybrid Death Tax/Capital Gains Tax

by Dan Mitchell | Jul 21, 2021 | Blogs, Capital Gains, Taxation

More than 10 years ago, I narrated this video explaining why there should be no capital gains tax. The economic argument against capital gains taxation is very simple. It is wrong to impose discriminatory taxes on income that is saved and...

Democrats Embrace Protectionist Tax Hike on Lower-Income and Middle-Class Americans

by Dan Mitchell | Jul 17, 2021 | Big Government, Blogs, Taxation, Trade

I’ve been warning, over and over and over again, that a European-style welfare state means huge tax increases on ordinary people. Simply stated, there are not enough rich people to finance big government...
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