by Dan Mitchell | Sep 10, 2023 | Blogs
Wealth taxation is one of the most self-destructive policies that politicians can impose on a nation. Such laws directly divert existing capital from the private sector and discourage the accumulation of new capital. This means less long-run prosperity,...
by Dan Mitchell | Aug 29, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
Scandinavian countries have very unusual economic policy. They are very free market-oriented with regards to most types of economic policy. The glaring exception is fiscal policy, where these nations get very low scores. The burden of...
by Dan Mitchell | Jul 15, 2023 | Blogs, Economics, Free Market
There is a recipe for achieving growth and prosperity and I used a grade-point-average analogy earlier this year to explain why it is important to get all the ingredients correct. Let’s look at some empirical data. I wrote back in March about the Heritage...
by Dan Mitchell | Apr 11, 2023 | Blogs, Taxation
The economic argument against wealth taxation is very straightforward. Such a levy is akin to a very high marginal tax rate on saving and investment. Indeed, it’s quite possible that the effective tax rate would exceed 100 percent....
by Dan Mitchell | Jul 15, 2019 | Big Government, Blogs
The Nordic nations punch above their weight in global discussions of economic policy. Advocates of bigger government in the United States, such as Bernie Sanders, claim that those countries are proof that socialism can work. But there’s a big problem with that claim....
