by Dan Mitchell | Oct 24, 2014 | Blogs, Economic Growth, Economics, Taxation
Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment. Yet that’s exactly what happens...
by Dan Mitchell | Oct 17, 2014 | Big Government, Blogs, Welfare and Entitlements
I confess that I get a bit of perverse pleasure when a left-leaning media outlet screws up and inadvertently shares information that helps the cause of limited government. A New York Times columnist, for instance, pushed for a tax-hiking fiscal agreement back in 2011...
by Dan Mitchell | May 6, 2014 | Blogs, Economics, Taxation
Allister Heath, the superb economic writer from London, recently warned that governments are undermining incentives to save. And not just because of high tax rates and double taxation of savings. Allister says people are worried about outright confiscation resulting...
by Dan Mitchell | Feb 2, 2014 | Big Government, Blogs, Welfare and Entitlements
As part of his State-of-the-Union speech, President Obama announced he was going to unilaterally create a new retirement savings account that supposedly would be available to all workers. Employers would be mandated to facilitate these”MyRA” accounts, and the money...
by Dan Mitchell | Dec 9, 2013 | Blogs, Capital Gains, Economics, Taxation
Back in the 1960s, Clint Eastwood starred in a movie entitled The Good, the Bad and the Ugly. I was thinking that might be a good title for today’s post about some new research by Michelle Harding, a tax economist for the OECD. But then I realized that her study on...
