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The Nightmare Scenario Leading to a Wealth Tax

The Nightmare Scenario Leading to a Wealth Tax

by Dan Mitchell | Mar 3, 2026 | Blogs, Taxation

Is it time to pack our belongings and head to Argentina, where Javier Milei is dramatically improving economic policy and cultural attitudes? I’m joking, but also not joking. The reason I’m not joking is that there’s a very depressing...
Will Denmark and/or the Netherlands Copy Norway’s Failed Wealth Tax?

Will Denmark and/or the Netherlands Copy Norway’s Failed Wealth Tax?

by Dan Mitchell | Mar 1, 2026 | Blogs, Taxation

Class-warfare tax policy is always a bad idea. Economists generally don’t like class-warfare policies because it is foolish to impose high marginal tax rates on productive behaviors such as investment and entrepreneurship. Politicians should not like...
Part II: Will California Commit Economic Suicide?

Part II: Will California Commit Economic Suicide?

by Dan Mitchell | Feb 10, 2026 | Blogs, Taxation

At the end of December, I wrote about the pro-spending lobbies pushing to put an insanely foolish retroactive wealth tax on the ballot later this year. I followed up last month with a column about rich people prudently escaping the state. Today,...
A French ‘Supertax’ and the World’s Least Surprising Headline

A French ‘Supertax’ and the World’s Least Surprising Headline

by Dan Mitchell | Jan 23, 2026 | Blogs, Economics, Taxation

Given my libertarian sensibilities, I think people who earn money deserve to keep as much of their income as possible. At least 90 percent. Given my economic training, I think people who earn money should get to keep as much of their income as possible because I...
The Geese with the Golden Eggs Are Escaping California

The Geese with the Golden Eggs Are Escaping California

by Dan Mitchell | Jan 13, 2026 | Blogs, States, Tax Competition, Taxation

As I wrote last month, I sort of hope that California voters approve a referendum approved that would impose a huge wealth tax on California’s most-successful investors, entrepreneurs and business owners. But I’m not cheering for a bad...
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