by Dan Mitchell | Jun 27, 2019 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office just released its new long-run fiscal forecast. Most observers immediately looked at the estimates for deficits and debt. Those numbers are important, especially since America has an aging population, but they should be viewed as...
by Dan Mitchell | Jun 26, 2019 | Big Government, Blogs, Taxation
I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have...
by Dan Mitchell | Jun 25, 2019 | Blogs, Europe, Taxation
I’ve argued for many years that a Clean Brexit is the right step for the United Kingdom for the simple reason that the European Union is a slowly sinking ship. Part of the problem is demographics. Europe’s welfare states are already very expensive and the relative...
by Dan Mitchell | Jun 23, 2019 | Blogs, States, Taxation
When I wrote a few days ago that the Trump tax reform was generating good results, I probably should have specified that some parts of the country are not enjoying as much growth because of bad state tax policy. As illustrated by my columns about Texas vs...
by Dan Mitchell | Jun 21, 2019 | Blogs, Economics, Laffer Curve, Supply Side
I’m a big fan of the Laffer Curve, which is simply a graphical representation of the common-sense notion that punitively high tax rates can result in less revenue because of reductions in the economy-wide level of work, saving, investment, and entrepreneurship. This...
