by Dan Mitchell | Oct 14, 2025 | Blogs, Economics, Taxation
There can be honest and constructive debates about the size of government, such as when I cross swords with someone on the left who understands Arthur Okun’s efficiency-equity tradeoff. Another legitimate debate is about the impact of tax policy,...
by Dan Mitchell | Oct 8, 2025 | Blogs, Economics, Supply Side, Taxation
Part I of this series looked at how the capital gains tax discourages old people from selling their homes. Part II of this series looked at how a so-called luxury tax was distorting the vehicle market in Australia. For our third installment in the...
by Dan Mitchell | Sep 30, 2025 | Blogs, Economics, Supply Side, Taxation
There are several visual ways of helping people understand how fiscal policy (and especially marginal tax rates) can change behavior. The philoso-raptor meme. The questioning worker. Supply-and-demand curves. The Wizard-of-Id parody. To augment these examples,...
by Dan Mitchell | Sep 23, 2025 | Blogs, Capital Gains, Economics, Supply Side, Taxation
From a big-picture economic perspective, I worry most about the damage of high tax burdens on innovation, entrepreneurship, and investment. Those are things that generate enormous benefits for society, yet also things that...
by Dan Mitchell | Jul 15, 2025 | Blogs, Economics, Taxation
Economists are lousy forecasters, at least when they try to make specific predictions. But good economists at least can speculate about whether proposed policies will make things better or worse. For instance, Ronald Reagan had the good fortune to...
