[ExI] Michael Cohen​

[John Clark]

On Thu, Feb 28, 2019 at 3:20 PM Dylan Distasio <interzone at gmail.com> wrote:

> *The situation in the 50s was a lot more complicated than what the
> Berners use as talking points in terms of effective tax rates:*
>
> https://taxfoundation.org/taxes-rich-1950-not-high/
>

I grant you that in the 50s there were even more tax doges than there are
now but let's look at Norway. Today with not just income taxes but value
added taxes 54.8% of Norway's GDP goes to taxes verses only 26% for the USA;

Government revenue as a percent of GDP
<https://data.oecd.org/gga/general-government-revenue.htm#indicator-chart>

And yet Norwegians are nearly twice as rich as Americans, the Gross
National Income per person in Norway is $103,630 but in the USA it's only
$55,200. Norwegians live longer and are much richer than Americans despite
(or perhaps because of) being taxed higher.

Gross National income per person
<https://www.worldatlas.com/articles/the-highest-incomes-in-the-world.html>

And it's not just Norway, similar situations exist in Denmark Sweden
Luxembourg and Australia.

 John K Clark





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