by Dan Mitchell | Sep 18, 2020 | Big Government, Blogs, Taxation
New Jersey is a tragic example of state veering in the wrong direction. Back in the 1960s, it was basically like New Hampshire, with no income tax and no sales tax. State politicians then told voters in the mid-1960s that a sales tax was needed, in part to reduce...
by Dan Mitchell | Sep 17, 2020 | Blogs, Taxation
Every single economic school of thought agrees with the proposition that investment is a key factor in driving wages and growth. Even foolish concepts such as socialism and Marxism acknowledge this relationship, though they want the government to be in charge of...
by Dan Mitchell | Sep 11, 2020 | Blogs, Taxation
It’s not easy to identify the worst international bureaucracy. The United Nations embraces some terrible ideas on a range of policies, though it is usually too incompetent to actually move policy in the wrong direction. The International Monetary...
by Dan Mitchell | Sep 8, 2020 | Big Government, Blogs, Government Spending, Taxation
New York is in trouble from bad economic policy, especially excessive taxing and spending. This is one of the reasons why there’s been a steady exodus of taxpayers from the Empire State. The problem is especially acute for New York City, which has been suffering from...
by Dan Mitchell | Aug 29, 2020 | Blogs, Economics, Taxation
Two weeks ago, I shared some video from a presentation to the New Economic School of Georgia (the country, not the state) as part of my “Primer on the Laffer Curve.” Here’s that portion of that presentation that outlines the principles of sensible taxation. Just in...
