by Dan Mitchell | Jun 13, 2017 | Big Government, Blogs, Taxation
I don’t like international bureaucracies that push statist policies. In a perverse way, though, I admire their brassiness. They’re now arguing that higher taxes are good for growth. This isn’t a joke. They never offer any evidence, of course, but it’s now routine to...
by Dan Mitchell | Jun 3, 2017 | Blogs, Economics, Taxation
Illinois is a mess. Taxes and spending already are too high, and huge unfunded liabilities point to an even darker future. Simply stated, politicians and government employee unions have created an unholy alliance to extract as much money as possible from the state’s...
by Dan Mitchell | May 17, 2017 | Blogs, Economics, Laffer Curve, Taxation
As far as I’m concerned, no sentient human being could look at what happened in the United States in the 1980s and not agree that high tax rates on upper-income taxpayers are foolish and self-destructive. Not only did the economy grow faster after Reagan lowered...
by Dan Mitchell | May 12, 2017 | Big Government, Blogs, Taxation
As I’ve written before, our fight to restrain the size and scope of government will be severely hamstrung – perhaps even mortally wounded – if the crowd in Washington ever succeeds in getting a value-added tax as a new source of revenue. This is why many statists are...
by Dan Mitchell | Apr 11, 2017 | Big Government, Blogs, Economics, Free Market, Government Spending, Taxation
The recipe for growth and prosperity isn’t very complicated. Adam Smith provided a very simple formula back in the 1700s. For folks who prefer a more quantitative approach, the Fraser Institute’s Economic Freedom of the World uses dozens of variables to rank nations...
