by Dan Mitchell | Apr 27, 2024 | Blogs, Capital Gains, Tax Competition, Taxation
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
by Dan Mitchell | Dec 27, 2023 | Blogs, States, Tax Competition, Taxation
Time for the final segment of my five-part series for 2023 on blue-to-red tax migration (previous versions here, here, here, and here). We’ll start with this table showing what has happened in America’s 10-largest states. You should notice a...
by Dan Mitchell | Nov 9, 2023 | Blogs, States, Tax Competition, Taxation
State-to-state migration is an underappreciated issue, for both economic and political reasons. And I’ve explained that taxes play a huge role. In Part I of this series, we looked at how people – and taxable income – are moving from high-tax...
by Dan Mitchell | Oct 9, 2023 | Blogs, Economics, Free Market, Immigration, Society
Back in early 2009, the Center for Freedom and Prosperity released this video to explain the universal recipe for growth and prosperity. The core message, if you want to skip the six-minute video, is that nations will become richer if they have a good mix of these...
