by Dan Mitchell | May 3, 2018 | Blogs, Taxation
When I did a poll earlier this year, asking which state would be the first to suffer a fiscal crisis, I wasn’t terribly surprised that Illinois wound up in first place. But I was surprised by the margin. Even though there’s a good case to be made for basket-case...
by Dan Mitchell | Apr 29, 2018 | Blogs, Tax Competition, Taxation
California is a lot like France. They’re both wonderful places to visit. And they’re both great places to live if you already have a lot of money. But neither jurisdiction is very friendly to people who want to get rich. And, thanks to tax competition, that’s having a...
by Dan Mitchell | Apr 6, 2018 | Big Government, Blogs, States, Tax Competition, Taxation
I’m a big fan of federalism because states have the flexibility to choose good policy or bad policy. And that’s good news for me since I get to write about the consequences. One of the main lessons we learn (see here, here, here, here, and here) is that high-earning...
by Dan Mitchell | Feb 26, 2018 | Blogs, States, Tax Competition, Taxation
In 2016, here’s some of what I wrote about the economic outlook in Illinois. There’s a somewhat famous quote from Adam Smith (“there is a great deal of ruin in a nation“) about the ability of a country to survive and withstand lots of bad public policy. I’ve tried to...
by Dan Mitchell | Oct 15, 2017 | Blogs, Taxation
When companies want to boost sales, they sometimes tinker with products and then advertise them as “new and improved.” In the case of governments, though, I suspect “new” is not “improved.” The British territory of Jersey, for instance, has a very good tax system. It...
