by Dan Mitchell | Nov 13, 2020 | Blogs, Economics, Taxation
During the campaign, Joe Biden proposed a massive tax increase, far beyond what either Barack Obama or Hillary Clinton put forth when they ran for the White House. Some people speculate that Biden isn’t actually that radical, and that his class-warfare agenda was...
by Dan Mitchell | Oct 29, 2020 | Blogs, Tax Competition, Taxation
Back in 2013, I wrote about Phil Mickelson escaping high-tax California and moving to zero-income tax Florida. The famed golfer grew up in California, but decided that the 2012 decision to boost the top tax rate to 13.3 percent mattered more than beautiful climate and...
by Dan Mitchell | Oct 24, 2020 | Blogs, Tax Competition, Taxation
When I opine about class-warfare taxation, I generally focus on the obvious argument that it’s not a good idea to penalize people for creating prosperity. This argument against punitive tax policy is based on the fact that entrepreneurs, investors, business owners,...
by Dan Mitchell | Oct 22, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
The good news is that the election season is almost over. The bad news is that we’ll have a president next year who does not embrace classical liberal principles of free markets and social tolerance. But that doesn’t mean Trump and Biden are equally bad. Depending on...
by Dan Mitchell | Oct 20, 2020 | Blogs, Taxation
Since Americans are not as sensible as the Swiss, I’m generally not a fan of direct democracy in the United States. Simply stated, I don’t like untrammeled majoritarianism, which occurs when 51 percent of voters can pillage 49 percent of voters. But I’ll admit that...
