by Dan Mitchell | Nov 28, 2020 | Blogs, Tax Competition, Taxation
Professor James Buchanan won a Nobel Prize for developing the theory of “public choice,” which looks at how politicians, bureaucrats, and voters seek to maximize their self interest, generally in ways that lead to an ever-expanding burden of government. Some people...
by Dan Mitchell | Oct 29, 2020 | Blogs, Tax Competition, Taxation
Back in 2013, I wrote about Phil Mickelson escaping high-tax California and moving to zero-income tax Florida. The famed golfer grew up in California, but decided that the 2012 decision to boost the top tax rate to 13.3 percent mattered more than beautiful climate and...
by Dan Mitchell | Oct 24, 2020 | Blogs, Tax Competition, Taxation
When I opine about class-warfare taxation, I generally focus on the obvious argument that it’s not a good idea to penalize people for creating prosperity. This argument against punitive tax policy is based on the fact that entrepreneurs, investors, business owners,...
by Dan Mitchell | Oct 4, 2020 | Blogs, Economics, Supply Side, Tax Competition, Taxation
Yesterday’s column featured some of Milton Friedman’s wisdom from 50 years ago on how a high level of societal capital (work ethic, spirit of self-reliance, etc) is needed if we want to limit government. Today, let’s look at what he said back then about that era’s...
by Dan Mitchell | Aug 7, 2020 | Blogs, Economics, Tax Competition, Taxation
Largely because of my support for jurisdictional competition, I’m a big fan of federalism. Simply stated, our liberties are better protected when there’s decentralization since politicians are less like to over-tax and over-spend when they know potential victims of...
