fiscal-taxation

February 25, 2022

When Market Failure Attracts Rent-seekers

Market failures are not simply outcomes you do not like. They are institutional inefficiencies such as externalities (where a proportion of the cost or benefit of an activity is incurred by someone other than the person engaged in it).
February 23, 2022

Oxfam’s Bad Ideas Entrench Poverty, Disease and Destitution

Oxfam is back to their old tricks, making pseudoscientific claims about inequality. It is once again hating on the rich while backing policies that will do nothing to alleviate the suffering of the world’s poor.
January 27, 2022

Will the 2020s Be a Good Decade for Classical Liberals?

It is unlikely that most people will be rampant classical liberals by 2030. Still, for the remainder of the decade, the forces that classical liberals believe in, namely, the ability of markets to innovate, provide wealth, and improve living standards, will continue at a staggering pace.
December 16, 2021

The Cracks in China’s Economy

The Chinese real estate giant Evergrande has been a popular topic of conversation in recent weeks. It is not only the company’s liabilities of more than 300 billion dollars that make this case relevant, but also its weight in the Chinese real estate sector, which already accounts for 30% of China’s GDP.
December 7, 2021

The Decline in Poverty and the Increase in the Number of Billionaires Go Hand in Hand

The Index of Economic Freedom, which is compiled every year by the Heritage Foundation, shows that the most capitalist countries have an average per capita GDP of $71,576. That compares with $47,706 for the world’s “predominantly free” countries.
November 24, 2021

The Economic Damage Inflicted by Production Taxes

Production taxes in France have long been a contentious issue closely linked to employment and wage growth. France currently sets one of the highest levels of production taxes in the EU, which can be seen as an example of the government’s habitual over-taxation.