by Dan Mitchell | Sep 2, 2024 | Blogs, States, Tax Competition, Taxation
Massachusetts used to have a flat tax, but I warned back in 2019 that it was in danger. Sadly, my fears were warranted. In 2022, the state’s misguided voters approved a referendum to replace the flat tax with a system based on class warfare (a...
by Dan Mitchell | Jul 23, 2024 | Blogs, Tax Competition, Taxation
I wrote a couple of days ago about the possibility of confiscatory taxes in France and whether that would lead to an exodus of upper-income taxpayer. Since that’s happened before, it’s very realistic to think it will happen again. Now let’s...
by Dan Mitchell | Jul 11, 2024 | Blogs, Tax Competition, Taxation
The fundamental insight of supply-side economics is that people respond to incentives. So if the government imposes a high tax rate on income, people will try to avoid or evade the money grab. Especially if they have any ability to control the...
by Dan Mitchell | Jun 29, 2024 | Blogs, Tax Competition, Taxation
At the risk of understatement, I don’t admire very many politicians. Among leaders who have passed away, I obviously was a fan of Thatcher and Reagan. Among those still alive, my obvious favorite is Javier Milei of...
by Dan Mitchell | Apr 27, 2024 | Blogs, Capital Gains, Tax Competition, Taxation
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which...
