by Dan Mitchell | Mar 19, 2013 | Blogs, Economics, Laffer Curve, Taxation
Cigarette butt, to be more specific. All over the world, governments impose draconian taxes on tobacco, and then they wind up surprised that projected revenues don’t materialize. We’ve seen this in Bulgaria and Romania, and we’ve seen this Laffer Curve effect in...
by Dan Mitchell | Mar 17, 2013 | Blogs, Economics, Laffer Curve, Taxation
Regular readers know that I’m a big advocate of the Laffer Curve, which is the common-sense notion that higher tax rates will cause people to change their behavior in ways that reduce taxable income. But that doesn’t mean “all tax cuts pay for themselves.” Yes, that...
by Dan Mitchell | Feb 23, 2013 | Blogs, Economics, Laffer Curve, Taxation
ll statists want much bigger government, but not all of them are honest about how to finance a Greek-sized welfare state. The President, for instance, wants us to believe that the rich are some sort of fiscal pinata, capable of generating endless amounts of tax...
by Dan Mitchell | Feb 1, 2013 | Blogs, Economics, Laffer Curve, Taxation
Daniel Hannan is a member of the European Parliament from England. He is one of the few economically sensible people in that body, as demonstrated in these short clips of him speaking about tax competition and deriding the European Commission’s corrupt racket. And as...
by Dan Mitchell | Jan 22, 2013 | Blogs, Economics, Laffer Curve, Taxation
I’ve already condemned the foolish people of California for approving a referendum to raise the state’s top tax rate to 13.3 percent. This impulsive and misguided exercise in class warfare surely will backfire as more and more productive people flee to other states –...
