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Axioms for 2012

December 31, 2011 - 7:23 pm - by Claudia Rosett
Oregonian
2012-01-05 12:34:57

Some notes on Finland’s economy from Wikipedia:

“State and municipal politicians have struggled to cut their consumption, which is very high at 51.7% of GDP compared to 56.6% in Sweden, 46.9 in Germany, 39.3 in Canada, and 33.5% in Ireland.[28] Much of the taxes are spent on public sector employees, many of which are jobs-for-life and amount to 124,000 state employees and 430,000 municipal employees.[13] That is 113 per 1000 residents (over a quarter of workforce) compared to 74 in the US, 70 in Germany, and 42 in Japan (8% of workforce). . .The state has a programme where the number of jobs decreases by attrition: for two retirees, only one new employee is hired. . .Tax cuts have been in every post-depression government’s agenda and the overall tax burden is now around 43% of GDP compared to 51.1% in Sweden, 34.7% in Germany, 33.5% in Canada, and 30.5% in Ireland. . .”

Not quite the high tax rate paradise you describe, Albert!