Contrary to assertions by populists of both left and right that the rich are under-taxed, the Austrian Economics Center finds that they pay a disproportion share of taxes based on national income. If anything, they are over-taxed… like everyone else.
Related Articles
Healthy tax competition is possible and needed
“Principled Tax Competition” By Daniel Bunn and Else Aken, courtesy of IREF The structure of a country’s tax code is an important determinant of its economic performance. The Tax Foundation’s International Tax Competitiveness Index has ranked OECD countries’ tax systems for the last six years, and every year Estonia has been the number one country […]
President Trump, Use True Capitalism To Restore American Prosperity Fast!
By William R. Collier, Jr. The number one question in America right now? When to reopen for business. The left leans toward delaying the reopening of “inessential” businesses. These are, however, essential to the sustenance of their employees and owners. The right leans toward a fast reboot, devil take the hindmost, on […]
Investment controls are bad for Switzerland, Europe, and the world
“A new authority that nobody needs” By Verena Parzer-Epp, Samuel Rutz, and Marco Salvi, courtesy of Avenir Suisse Around the globe, the instrument of investment control is currently experiencing a revival. Proponent argue investment controls are necessary to safeguard national security and economic interests, for example as protection against takeovers by emerging state-owned […]