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...
by Dan Mitchell | Jul 13, 2021 | Blogs, Taxation, Trade
Over the past four years, Donald Trump presumably was the biggest threat to global trade. His ignorant protectionism hurt American consumers and businesses – and undermined the competitiveness of the U.S. economy. Over the next four...
by Dan Mitchell | Jul 2, 2021 | Economics, Supply Side, Taxation
Almost everybody (even, apparently, Paul Krugman) agrees that you don’t want to be on the downward-sloping part of the Laffer Curve. That’s where higher tax rates do so much economic damage that government collects even less revenue. But I would argue...
by Dan Mitchell | Jun 4, 2021 | Big Government, Blogs, Government Spending, Taxation
While Paul Krugman sometimes misuses and misinterprets numbers for ideological reasons (see his errors regarding the United States, France, Canada, the United States, Estonia, Germany, the United States, and the United Kingdom),...
by Dan Mitchell | May 27, 2021 | Blogs, Economics, Taxation
Back in 2013, the Tax Foundation published a report that reviewed 26 academic studies on taxes and growth. That scholarly research produced a very clear message: The overwhelming consensus was that higher tax rates were bad news for prosperity,...
