There’s nothing I enjoy more than defending the indefensible
Dilip sent me a couple links (here and here) of people trashing a new post by Mankiw. If they hadn’t done so already, I probably would have attached attacked the post. But since they have already trashed it, I’m going to defend it. Seriously. Mankiw notes that per capita tax revenue in the US is fairly typical of developed economies:
Here are the results for some of the largest developed nations:
“” France: .461 x 33,744 = 15,556
“” Germany: .406 x 34,219 = 13,893
“” UK: .390 x 35,165 = 13,714
“” US: .282 x 46,443 = 13,097
“” Canada: .334 x 38,290 = 12,789
“” Italy: .426 x 29,290 = 12,478
“” Spain: .373 x 29,527 = 11,014
“” Japan: .274 x 32,817 = 8,992
He argues that this weakens an argument often made by progressives, which is that the US should have much higher taxes. Apparently, we already have plenty of tax revenue; we just don’t use it very well.
Den ganzen Beitrag lesen…