From an MR reader: Good story here about one man in Washington state fighting the battle against the progressive tide. He single handedly got six initiatives on the ballot to repeal progressive reforms over the past few years. These include a police pursuit law that prevents police from chasing criminals in most cases, and a […]
Tide turning in Washington State?
Tide turning in Washington State?
07 Mar 2024 Leave a comment
in economics of crime, law and economics, liberalism, Marxist economics, politics - USA, property rights Tags: Age of Enlightenment, regressive left, taxation and investment
Florida’s One-Man Laffer Curve
16 Feb 2024 Leave a comment
in applied price theory, entrepreneurship, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Inflation is having an effect on everything, even policy analysis. Back in 2013, I wrote that Phil Mickelson was “California’s One-Man Laffer Curve” because he wanted to escape the Golden State to save about $1.2 million per year in taxes. But now, when a goose that lays golden eggs wants to escape, the numbers are […]
Florida’s One-Man Laffer Curve
Not All Tax Cuts Are Created Equal
12 Jan 2024 Leave a comment
in applied price theory, Austrian economics, public economics Tags: taxation and investment
There are three reasons to be a knee-jerk supporter of tax cuts (or to be a knee-jerk opponent of tax increases). The morality-driven libertarian argument that people should be able to keep the income they earn. The starve-the-beast argument that less revenue at some point may translate into less spending. The economic argument that lower […]
Not All Tax Cuts Are Created Equal
Corporate Taxation, Ireland, and Jealousy
24 Dec 2023 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics, public economics Tags: Ireland, taxation and entrepreneurship, taxation and investment
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a hard time figuring out what to do with all the money (as you might […]
Corporate Taxation, Ireland, and Jealousy
Caplan-Singer Debate Video
05 Nov 2023 Leave a comment
in economic growth, economics of education, entrepreneurship, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
A year ago, Jonah Franks, who runs Public Intellectuals for Charity, organized a debate between me and Peter Singer on “Do the rich pay their fair share?” I already posted my opening statement, my reflections on the debate, along with two follow-ups on Singer’s “Noble Lie.” The debate video itself, however, was gated for paying…
Caplan-Singer Debate Video
More Evidence for Trump’s Corporate Tax Reform, Part I
03 Nov 2023 Leave a comment
in applied price theory, econometerics, economic growth, entrepreneurship, fiscal policy, macroeconomics, public economics Tags: taxation and investment
I’m very critical of bad policies we got during the Trump years, most notably profligacy and protectionism. But I shower praise on the good policies, such as the 2017 tax legislation (especially the lower corporate tax rate and the curtailing of the state and local tax deduction). Today, we’re going to focus on the positive. […]
More Evidence for Trump’s Corporate Tax Reform, Part I
Ireland’s Corporate Tax and the Laffer Curve
19 Oct 2023 Leave a comment
in economic growth, economic history, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and investment
About 15 years ago, I narrated a three-part series on the Laffer Curve. Here’s Part II, which looks at real-world evidence. About halfway through the video (3:15-3:55), I discuss what happened when Ireland dramatically lowered its corporate tax rate. The net result was an increase in tax revenue. But not just by a small amount. […]
Ireland’s Corporate Tax and the Laffer Curve
The risk the Greens’ wealth tax poses to our economy
21 Jul 2023 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - New Zealand, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
Why Elizabeth Warren’s Wealth Tax Won’t Work
31 Dec 2021 Leave a comment
in entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics, survivor principle Tags: regressive left, taxation and entrepreneurship, taxation and investment, taxation and savings
Prescott on Eurosclerosis
13 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, Edward Prescott, history of economic thought, labour economics, labour supply, macroeconomics Tags: taxation and entrepreneurship taxation and labour supply, taxation and investment, taxation and savings
Fiscal sentiment and the Great Recession
10 Oct 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
When magical thinking becomes UK Labour policy
29 Sep 2021 Leave a comment
in economic growth, economics of education, entrepreneurship, human capital, income redistribution, labour economics, labour supply, Marxist economics, occupational choice, poverty and inequality, Public Choice, public economics Tags: envy, taxation and entrepreneurship, taxation and investment, taxation and labour supply, taxation and savings, top 1%
Why Tax Rates Matter More Than Taxes
26 Sep 2021 Leave a comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, human capital, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, survivor principle Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
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