by Dan Mitchell | Feb 25, 2017 | Blogs, Economics, Laffer Curve, Taxation
For more than 30 years, I’ve been trying to educate my leftist friends about supply-side economics and the Laffer Curve. Why is it so hard for them to recognize, I endlessly wonder, that when you tax something, you get less of it? And why don’t they realize that when...
by Dan Mitchell | Jan 28, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
Yesterday was “Australia Day,” which I gather for Aussies is sort of like the 4th of July for Americans. To belatedly celebrate for our friends Down Under, I suppose we could sing Waltzing Matilda. But since I’m a policy wonk with a special fondness for the nation,...
by Dan Mitchell | Nov 5, 2016 | Blogs, Economics, Laffer Curve, Taxation
I know exactly how Ronald Reagan must have felt back in 1980 when he famously said “There you go again” to Jimmy Carter during their debate. That’s because I endlessly have to deal with critics who try to undercut the Laffer Curve by claiming that it’s based on the...
by Dan Mitchell | Sep 28, 2016 | Blogs, Economics, Taxation
My buddy from grad school, Steve Horwitz, has a column for CapX that looks at the argument over “trickle-down economics.” As he points out (and as captured by the semi-clever nearby image), this is mostly a term used by leftists to imply that supporters of economic...
by Dan Mitchell | Aug 30, 2016 | Blogs, Economics, Supply Side, Taxation
Our statist friends like high taxes for many reasons. They want to finance bigger government, and they also seem to resent successful people, so high tax rates are a win-win policy from their perspective. They also like high tax rates to micromanage people’s behavior....
