by Dan Mitchell | Oct 3, 2019 | Blogs, Economics, Taxation
I sometimes mock the New York Times for dodgy and inaccurate writing about economics. Though, to be fair, the paper has many sound journalists who do a good job, so I should be more careful about explaining that the mistakes are the result of specific reporters and...
by Dan Mitchell | Sep 30, 2019 | Blogs, Economics, Taxation
I was interviewed a couple of days ago about rival tax plans by various Democratic presidential candidates. It’s the “Class Warfare Olympics,” and even Joe Biden is thinking about going hard left with a tax on financial transactions. It’s not just Joe Biden’s crazy...
by Dan Mitchell | Sep 25, 2019 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Social Security is projected to consume an ever-larger share of America’s national income, mostly thanks to an aging population. Indeed, demographic change is why the program is bankrupt, with an inflation-adjusted cash-flow deficit of more than $42 trillion. Yet...
by Dan Mitchell | Sep 20, 2019 | Big Government, Blogs, Taxation
Maybe I’m just a curmudgeon, but I get rather irked when rich people endorse higher taxes. Are they trying to curry favor with politicians? Seeking some sort of favoritism from Washington (like Warren Buffett)? Or do they genuinely think it’s a good idea to...
by Dan Mitchell | Sep 19, 2019 | Blogs, Taxation
I wrote yesterday about the generic desire among leftists to punish investors, entrepreneurs, and other high-income taxpayers. Today, let’s focus on one of the specific tax hikes they want. There is near-unanimity among Democratic presidential candidates for higher...
