by Dan Mitchell | Nov 30, 2019 | Big Government, Blogs, Taxation, VAT
I wrote yesterday about Japan’s experience with the value-added tax, mostly to criticize the International Monetary Fund. The statist bureaucrats at the IMF are urging a big increase in Japan’s VAT even though the last increase was only imposed two months ago (in a...
by Dan Mitchell | Nov 23, 2019 | Big Government, Blogs, Taxation
Free markets and limited government are a tried-and-true recipe for growth and prosperity. Indeed, it’s the only way for a poor nation to become a rich nation. Those are the policies that helpd North America and Western Europe become rich in the 1800s and it’s how...
by Dan Mitchell | Nov 15, 2019 | Blogs, Economics, Taxation
With their punitive proposals for wealth taxes, Bernie Sanders and Elizabeth Warren are leading the who-can-be-craziest debate in the Democratic Party. But what would happen if either “Crazy Bernie” or “Looney Liz” actually had the opportunity to impose such levies?...
by Dan Mitchell | Nov 11, 2019 | Big Government, Blogs, Government Spending, Taxation
Candidates such as Elizabeth Warren and Bernie Sanders supposedly are competing for hard-left voters, while candidates such as Joe Biden and Pete Buttigieg are going after moderate voters. But a review of Buttigieg’s fiscal policy suggests he may belong in the first...
by Dan Mitchell | Nov 10, 2019 | Big Government, Blogs, Taxation, Welfare and Entitlements
I give Bernie Sanders and Andrew Yang credit for a bit of honesty. Both of them have proposals to significantly – indeed, dramatically – expand the burden of government spending, and they actually admit their plans will require big tax increases on lower-income and...
