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U.K. Election Week, Part I: The Threat of Corbynomics

U.K. Election Week, Part I: The Threat of Corbynomics

by Dan Mitchell | Dec 9, 2019 | Big Government, Blogs, Taxation, Welfare and Entitlements

I’m currently in London for discussions about public policy, particularly the potential for the right kind of free-trade pact between the United States and United Kingdom. I deliberately picked this week for my visit so I also could be here for the British...
Class-Warfare Taxation, Government Spending, and Economic Growth

Class-Warfare Taxation, Government Spending, and Economic Growth

by Dan Mitchell | Dec 6, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation

Arthur Okun was a well-known left-of-center economist last century. He taught at Yale, was Chairman of the Council of Economic Advisors for President Lyndon Johnson, and also did a stint at Brookings. In today’s column, I’m not going to blame him for any of LBJ’s...
The Value-Added Tax Is a Precursor for a Bigger Burden of Government Spending

The Value-Added Tax Is a Precursor for a Bigger Burden of Government Spending

by Dan Mitchell | Nov 30, 2019 | Big Government, Blogs, Taxation, VAT

I wrote yesterday about Japan’s experience with the value-added tax, mostly to criticize the International Monetary Fund. The statist bureaucrats at the IMF are urging a big increase in Japan’s VAT even though the last increase was only imposed two months ago (in a...
The OECD’s Recipe for Continuing Poverty in Africa

The OECD’s Recipe for Continuing Poverty in Africa

by Dan Mitchell | Nov 23, 2019 | Big Government, Blogs, Taxation

Free markets and limited government are a tried-and-true recipe for growth and prosperity. Indeed, it’s the only way for a poor nation to become a rich nation. Those are the policies that helpd North America and Western Europe become rich in the 1800s and it’s how...
Wealth Taxation and Confiscatory Effective Tax Rates

Wealth Taxation and Confiscatory Effective Tax Rates

by Dan Mitchell | Nov 15, 2019 | Blogs, Economics, Taxation

With their punitive proposals for wealth taxes, Bernie Sanders and Elizabeth Warren are leading the who-can-be-craziest debate in the Democratic Party. But what would happen if either “Crazy Bernie” or “Looney Liz” actually had the opportunity to impose such levies?...
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