by Dan Mitchell | May 3, 2017 | Blogs, Economics, Tax Competition, Taxation
Seven years ago, I wrote about the “Butterfield Effect,” which is a term used to mock clueless journalists. A former reporter for the New York Times, Fox Butterfield, became a bit of a laughingstock in the 1990s for publishing a series of articles addressing the...
by Dan Mitchell | Feb 28, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
I shared yesterday an example of how a big tax increase on expensive homes led to fewer sales. Indeed, the drop was so pronounced that the government didn’t just collect less money than projected, which is a very common consequence when fiscal burdens increase, but it...
by Dan Mitchell | Feb 25, 2017 | Blogs, Economics, Laffer Curve, Taxation
For more than 30 years, I’ve been trying to educate my leftist friends about supply-side economics and the Laffer Curve. Why is it so hard for them to recognize, I endlessly wonder, that when you tax something, you get less of it? And why don’t they realize that when...
by Dan Mitchell | Nov 5, 2016 | Blogs, Economics, Laffer Curve, Taxation
I know exactly how Ronald Reagan must have felt back in 1980 when he famously said “There you go again” to Jimmy Carter during their debate. That’s because I endlessly have to deal with critics who try to undercut the Laffer Curve by claiming that it’s based on the...
by Dan Mitchell | Aug 30, 2016 | Blogs, Economics, Supply Side, Taxation
Our statist friends like high taxes for many reasons. They want to finance bigger government, and they also seem to resent successful people, so high tax rates are a win-win policy from their perspective. They also like high tax rates to micromanage people’s behavior....
