by Dan Mitchell | Nov 3, 2022 | Blogs, Economics, Taxation
The Laffer Curve is a very straightforward concept. It graphically illustrates why politicians are wrong if they think you can double tax revenue by doubling tax rates (or that revenues will drop by 50 percent if tax rates are cut in half)....
by Dan Mitchell | Oct 26, 2022 | Big Government, Blogs, Europe, Government Spending, Taxation
I discussed Italy’s looming fiscal crisis on Monday and then argued against a potential bailout on Tuesday. Today, let’s focus on the rest of Europe. I gave a presentation yesterday in Brussels about “Public Finances in the Eurozone” and used the...
by Dan Mitchell | Oct 3, 2022 | Uncategorized
A wealth tax is an extraordinarily destructive way for governments to generate revenue. It violates the principles of sensible tax policy and it does a lot of damage since people have less incentive to save and invest. It’s...
by Dan Mitchell | Jun 30, 2022 | Blogs, Taxation
Back in 2020, I warned that then-Mayor Bill de Blasio was setting the stage for fiscal crisis. During his eight years in office, he violated fiscal policy’s golden rule by increasing the burden of government spending at three times the rate of...
by Dan Mitchell | Jun 9, 2022 | Big Government, Blogs, Taxation
Based on research from the Congressional Budget Office, I’ve shared estimates of the potential economic damage from the fiscal plan Joe Biden unveiled last year. But now he has a new budget. So what if we simply focus on the tax portion of...
