Originally posted by Whoha
Just damn, Alabama has a higher gross domestic product then Sweden? Also the US taxes around 15 to 16 % of GDP, not 33% as the article states. This is an aberation though and it will likely go back up to 20%.
Just damn, Alabama has a higher gross domestic product then Sweden? Also the US taxes around 15 to 16 % of GDP, not 33% as the article states. This is an aberation though and it will likely go back up to 20%.
In 2000, US tax as a proportion of GDP = 29.6%
Or better still:
This shows taxes (government revenue) as a percentage of GDP, and government spending likewise, since 1929. As you can see, taxes haven't been lower than 20% since 1941, and have been above 25% since 1966.
It used to be in the high 20s (Nixon - Reagen), then moved up to around 30% under Clinton, now it's down to the high 20s again. It's not been near 15-16% for a long, long time.

) , and I'm relying on the information in the article so complain to the author. Sweden sat out WWII and got so wealthy rebuilding the war torn countries it rose to 4th in the world by 1970. That wealth allowed Sweden to experiment with an expensive welfare state. Other countries healed and Sweden lost its economic advantage (so did the US) and now its running into problems competing which is putting pressure on that welfare state. Even the Swedes see the problem and trimming their welfare system...
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