by Henry Oliner | Apr 27, 2020 | Economics
Margaret Thatcher is remembered for her quote, “The problem with socialism is that you eventually run out of other people’s money.” The older definition of socialism of centrally controlled means of production has given way to an association with redistribution. You...
by Henry Oliner | Dec 21, 2017 | Economics
by Henry Oliner The drop in corporate taxes is huge, even though it only makes us competitive with other nations, but what happens to this savings? If it is paid in dividends, it is taxed. If it is used to increase salaries, it is taxed. Corporate taxes are an...
by Henry Oliner | Nov 16, 2017 | Taxes
The drive for tax cuts obscures the greater benefit of tax reform and simplification. Taxes, however, are only a single component of friction costs. If the purpose of tax reform or tax cuts is to stimulate investment and productive activity then it can not be...
by Henry Oliner | Oct 3, 2017 | Economics, Politics, Progressivism
from National Review and Jay Cost, Congress Wasn’t Designed to Handle Tax Policy To put it bluntly, Congress is not well suited for national economic planning, which is basically what pro-growth tax policies boil down to. As a matter of fact, Congress outsources a...
by Henry Oliner | Nov 2, 2016 | Economics, Taxes
From The NYT and economist Greg Mankiw, Why Taxing Fairly Means Not Taxing Inheritances: Excerpt: But there is one thing that everyone can agree on: The estate tax you owe should not depend substantially on the exact moment you happen to expire. A person who died in...
