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The large rise in tax in personal income in the 1970s coincided with the rise of the British disease and British economy becoming widely known as the sick man of Europe. The large decline in taxation in personal income under Thatchernomics was followed by an economic boom. Source: OECD Stat. Advertisements

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The Washington Centre for Equitable Growth have joined the Wall Street Journal in falling for that dodgy OECD hypothesis about rising inequality holding back economic growth. The chart below shows stark differences between egalitarian Sweden and France, and the more unequal UK since 1970 in departures from a trend growth rate of 1.9% in real …

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The Washington Centre for Equitable Growth recently tweeted that inequality harms growth in the USA as compared to Sweden, France, Germany and the UK. It was relying on some dodgy OECD research. .@OECD sees continued rise in growth-harming inequality, reports @PaulHannon29 on.wsj.com/1EZpq1S http://t.co/xt4heZysXT— Equitable Growth (@equitablegrowth) May 21, 2015 The Washington Centre for Equitable Growth …

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Figure 1 shows stark differences between Sweden, France, Italy and the UK since 1970 in departures from trend growth rates of 1.9% in real GDP per working age person, PPP. Italy did quite OK until 2000 growing at about the trend growth rate of 1.9% after which it fell into a hole so deep that …

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How does America's tax revenue compare to the average collected by OECD countries? bit.ly/1HTtRTg #TaxDay http://t.co/Q17jMuwtNI— The Hamilton Project (@hamiltonproj) April 15, 2015

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Figure 1: Real GDP per British and French aged 15-64, converted to 2013 price level with updated 2005 EKS purchasing power parities, 1.9 per cent detrended, 1950-2013 Source: Computed from OECD Stat Extract and The Conference Board, Total Database, January 2014, http://www.conference-board.org/economics Figure 2: Real GDP per British and French aged 15-64, converted to 2013 …

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Source: OECD StatExtract Ireland and Britain justly earned the name the sick man of Europe in the 1980s. Irish unemployment was  in the mid teens much of the 1980s because the Irish economy was in a great depression  from 1973 to 1992. Unemployed people are defined as those who report that they are without work, …

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Figure 1: Real GDP per British and Irish aged 15-64, converted to 2013 price level with updated 2005 EKS purchasing power parities, 1955-2013 Source: Computed from OECD Stat Extract and The Conference Board, Total Database, January 2014, http://www.conference-board.org/economics Figure 2 detrends British real GDP growth since 1955 by 1.9% and Irish real GDP growth  by …

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Income taxes in the USA and UK didn’t change all that much after the mid-70s. Prior to that, income tax rose quite steadily in the UK in the 1950s and 1960s and not surprisingly, Britain was the sick man of Europe in the 1970s. Income taxes rose quite steadily in Canada for most of the …

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