by Dan Mitchell | Jul 20, 2022 | Blogs, Taxation
The people of Chile elected a Bernie Sanders-style leftist last December and one of his crazy ideas is a wealth tax. In a discussion with Axel Kaiser, I explain why this destructive levy is misguided. A wealth tax would be bad news in Chile. It also would be bad news...
by Dan Mitchell | Jul 18, 2022 | Blogs, Economics, Taxation
I’ve written a few columns that explain tax principles, but this video from the Tax Foundation may be the best place to start if you have friends or colleagues who need to learn the basics. As part of the article that accompanies the video, the Tax...
by Dan Mitchell | Jul 10, 2022 | Blogs, Tax Competition, Taxation
I’ve written many times about the importance of low tax rates, specifically low marginal tax rates on productive activity such as work, saving, investment, and entrepreneurship. And I’ve explained that it is especially beneficial to have...
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 24, 2022 | Big Government, Blogs, Taxation
Yesterday’s column discussed Caterpillar’s decision to move its headquarters from high-tax Illinois to low-tax Texas. Today, we have more bad news for the Prairie State. A major investment fund, Citadel, also has decided to leave Illinois. Is the company moving to a...
