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The Value-Added Tax: A Recipe for More Spending…and More Debt

The Value-Added Tax: A Recipe for More Spending…and More Debt

by Dan Mitchell | Apr 16, 2021 | Blogs, Taxation, VAT

My views on the value-added tax are very straightforward. Washington taxes too much today and wastes too much money today.Giving D.C. politicians even more tax revenue will encourage more fiscal profligacy.It is profoundly...
IMF Goes All-In for Class Warfare

IMF Goes All-In for Class Warfare

by Dan Mitchell | Apr 10, 2021 | Big Government, Blogs, Taxation

The International Monetary Fund’s dogmatic support for higher taxes and bigger government makes it “the dumpster fire of the global economy.” Wherever IMF bureaucrats go, it seems they push for high-tax policies that will weaken growth. That’s...
Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”

Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”

by Dan Mitchell | Apr 7, 2021 | Blogs, Tax Competition, Tax Harmonization, Taxation

Way back in 2007, I narrated this video to explain why tax competition is very desirable because politicians are likely to overtax and overspend (“Goldfish Government“) if they think taxpayers have no ability to escape. The good news is that tax competition has been...
New York’s Fiscal Suicide

New York’s Fiscal Suicide

by Dan Mitchell | Apr 6, 2021 | Blogs, Tax Competition, Taxation

The state of New York is an economic disaster area. New York is ranked #50 in the Economic Freedom of North America.New York is ranked #48 in the State Business Tax Climate Index.New York is ranked #50 in the Freedom...
Another Honest Leftist Admits Big Government Requires Big Tax Hikes on the Middle Class

Another Honest Leftist Admits Big Government Requires Big Tax Hikes on the Middle Class

by Dan Mitchell | Apr 2, 2021 | Blogs, Taxation

It’s simple to mock Democrats like Joe Biden, Alexandria Ocasio-Cortez, and Bernie Sanders. One reason they’re easy targets is they want people to believe that America can finance a European-style welfare state with higher taxes on the rich....
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