IMF Goes All-In for Class Warfare

by Dan Mitchell | Apr 10, 2021 | Big Government, Blogs, Taxation

The International Monetary Fund’s dogmatic support for higher taxes and bigger government makes it “the dumpster fire of the global economy.” Wherever IMF bureaucrats go, it seems they push for high-tax policies that will weaken growth. That’s...

Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”

by Dan Mitchell | Apr 7, 2021 | Blogs, Tax Competition, Tax Harmonization, Taxation

Way back in 2007, I narrated this video to explain why tax competition is very desirable because politicians are likely to overtax and overspend (“Goldfish Government“) if they think taxpayers have no ability to escape. The good news is that tax competition has been...

New York’s Fiscal Suicide

by Dan Mitchell | Apr 6, 2021 | Blogs, Tax Competition, Taxation

The state of New York is an economic disaster area. New York is ranked #50 in the Economic Freedom of North America.New York is ranked #48 in the State Business Tax Climate Index.New York is ranked #50 in the Freedom...

Another Honest Leftist Admits Big Government Requires Big Tax Hikes on the Middle Class

by Dan Mitchell | Apr 2, 2021 | Blogs, Taxation

It’s simple to mock Democrats like Joe Biden, Alexandria Ocasio-Cortez, and Bernie Sanders. One reason they’re easy targets is they want people to believe that America can finance a European-style welfare state with higher taxes on the rich....

Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

by Dan Mitchell | Apr 1, 2021 | Blogs, Taxation

I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy. Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big...