by Dan Mitchell | Apr 15, 2019 | Big Government, Blogs, Economics, Taxation
There are some fortunate people (in the Cayman Islands, Bermuda, Monaco, Vanuatu, Antigua and Barbuda, and a few other places) who don’t have to pay income taxes. The United States used to be in that lucky club. The income tax did not become a permanent blight upon...
by Dan Mitchell | Feb 26, 2019 | Blogs, Taxation
I’m currently in the Cayman Islands, which is one of my favorite places since – like Bermuda, Monaco, Vanuatu, Antigua and Barbuda, and a few other lucky places in the world – it has no income tax. At the risk of stating the obvious, the absence of an income tax has...
by Dan Mitchell | Aug 18, 2018 | Blogs, Taxation, Trade
There’s an ongoing debate about Trump’s endgame on trade. Is he simply a crude protectionist, or is he disrupting the status quo in order to force other nations to reduce their protectionist barriers? I hope it’s the latter, though I fear it’s the former. But one...
by Dan Mitchell | Jul 5, 2018 | Blogs, Taxation
Last week, I shared very grim data, going all the way back to 1880, on the growth of the welfare state. I even claimed that the accompanying graph was the “western world’s most depressing chart” because it showed the dramatic increase in the burden of government...
by Dan Mitchell | Apr 18, 2018 | Blogs, Flat Tax, Taxation
The best policy for a state (assuming it wants growth and competitiveness) is to have no income tax. Along with a modest burden of government spending, of course. The next-best approach is for a state to have a flat tax. If nothing else, a flat tax inevitably will...
