by Dan Mitchell | Aug 19, 2022 | Blogs, Taxation
Back in 2014, I shared a meme with a motto that was perfect for Washington, DC. Today, let’s do something similar. But instead of a motto specifically for America’s unsavory capital, how about one sentence that summarizes the mentality of all...
by Dan Mitchell | Aug 10, 2022 | Blogs, Taxation
Whenever I discuss the varying types of double taxation on saving and investment (capital gains tax, dividend tax, corporate income tax, death tax, wealth tax, etc), I always emphasize that such levies discourage capital...
by Dan Mitchell | Aug 7, 2022 | Big Government, Blogs, Taxation
Yesterday’s column explained that lobbyists are big winners when the size and scope of government increases. For instance, a bigger budget means special interests hire lobbyists to obtain ever-larger slices of pork.Moreover, added red...
by Dan Mitchell | Aug 5, 2022 | Blogs, Economics, Taxation
Back in 2009, I narrated a video about the downsides of class-warfare tax policy. But if you don’t want to spend eight minutes watching the video (or 14 minutes watching this video), here’s a visual that summarizes why high tax rates discourage...
by Dan Mitchell | Aug 3, 2022 | Blogs, Economics, Taxation
The capital gains tax is double taxation, and that’s a bad idea (assuming the goal is faster growth and higher wages). Let’s consider how it discourages investment. People earn money, pay tax on that money, and then need to...
