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Pope Francis Endorses Slower Growth and More Poverty

by Dan Mitchell | May 18, 2018 | Blogs, Tax Competition, Taxation

I almost feel guilty when I criticize the garbled economic thoughts of Pope Francis. After all, he was influenced by Peronist ideology as a youngster, so he wasprobably a lost cause from the beginning. Moreover, Walter Williams and Thomas Sowell have already dissected...

California (Hopefully) Learns a Lesson about Marijuana Taxes and the Laffer Curve

by Dan Mitchell | May 17, 2018 | Blogs, Taxation

I wanted California to decriminalize marijuana because I believe in freedom. Smoking pot may not be a wise choice in many cases, but it’s not the role of government to dictate private behavior so long as people aren’t violating the rights of others. Politicians, by...

The Illinois Tax-Hike Experiment Won’t End Well

by Dan Mitchell | May 13, 2018 | Blogs, Tax Competition, Taxation

Even though I wrote about proposed tax increases in Illinois just 10 days ago, it’s time to revisit the issue because the Tax Foundation just published a very informative article about the state’s self-destructive fiscal policy. It starts by noting that the aggregate...
The IMF’s Reprehensible Campaign for Continued Poverty in Sub-Saharan Africa

The IMF’s Reprehensible Campaign for Continued Poverty in Sub-Saharan Africa

by Dan Mitchell | May 10, 2018 | Big Government, Blogs, Economics, Taxation

A couple of months ago, I thought I did something meaningful by sharing six separate examples of the International Monetary Fund pressuring sub-Saharan African nations to impose higher tax burdens. This was evidence, I suggested, that the IMF had a disturbing agenda...

Investment, Productivity, Capital Taxation, and Worker Compensation

by Dan Mitchell | May 8, 2018 | Blogs, Economics, Taxation

I was a big fan of the lower corporate tax rate in last year’s tax bill, largely because I want a better investment climate, which then will lead to higher productivity and rising wages. Simply stated, the current tax code (as shown in the chart) has a very harsh bias...
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