by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation
In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
by Dan Mitchell | Aug 2, 2019 | Blogs, Taxation
When I write about Estonia, I generally have something nice to say. Estonia has a non-discriminatory flat tax. Estonian lawmakers know how to cut spending. Estonia has a very good corporate tax system. Estonia has a high level of economic freedom. Estonia shrank...
by Dan Mitchell | Aug 1, 2019 | Blogs, Economics, Taxation
Assuming the goal is faster growth and higher living standards, there are three core principles of good tax policy. Low marginal tax rates on productive activity such as work and entrepreneurship. No tax bias (i.e., extra layers of tax) against saving and investment....
by Dan Mitchell | Jul 23, 2019 | Big Government, Economics, Taxation, Welfare and Entitlements
I’m not a big fan of the current tax system. I’m also not supportive of America’s bankrupt Social Security system. The country would be much better off with fundamental reform of both the tax system and Social Security. Some groups will be reap especially large...
by Dan Mitchell | Jul 14, 2019 | Blogs, Taxation
I’ve labeled the International Monetary Fund as the “dumpster fire” of the world economy. I’ve also called the bureaucracy the “Dr. Kevorkian” of international economic policy, though that reference many not mean anything to younger readers. My main complaint is that...
