by Dan Mitchell | May 28, 2019 | Big Government, Blogs, Europe, Taxation, Welfare and Entitlements
I periodically explain that a European-sized welfare state can only be financed by huge taxes on lower-income and middle-class taxpayers. Simply stated, there aren’t enough rich people to prop up big government. Moreover, at the risk of mixing my animal metaphors,...
by Dan Mitchell | May 26, 2019 | Blogs, Economics, Taxation
Earlier today at the Friedman Conference in Australia, I spoke on the proper design of a tax system. My goal was to explain the problem of double taxation. I’ve repeatedly shared a flowchart to illustrate the pervasive double taxation in the current system (my example...
by Dan Mitchell | May 22, 2019 | Blogs, Taxation
With two dozens candidates in the race, it’s not feasible to review the fiscal and economic plans of every potential nominee for the Democratic Party. But that doesn’t mean I’ll be silent. I’ve written several times about Crazy Bernie’s agenda, and I’ve recently...
by Dan Mitchell | May 6, 2019 | Blogs, Economics, Taxation, Trade
Back in 2015, when Trump was a long-shot candidate for the Republican nomination, I criticized him for not signing the no-tax-hike pledge. But he then pushed through a better-than-expected tax plan after getting the White House. And that package reduces the tax burden...
by Dan Mitchell | Apr 29, 2019 | Blogs, Economics
My friends on the left hold two impossible-to-reconcile views about taxation. First, they say taxes don’t really have any effect on incentives to work, save and invest, and that governments can impose high tax rates and punitive double taxation without...
