19 Mar 2016
by Jim Rose
in economic growth, economic history, entrepreneurship, fiscal policy, macroeconomics, public economics
Tags: British disease, British economy, growth of government, sick man of Europe, size of government, taxation and entrepreneurship, taxation and investment, taxation and labour supply, Thatchernomics
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.
18 Mar 2016
by Jim Rose
in business cycles, economic history, fiscal policy, great recession, macroeconomics, politics - USA, public economics
Tags: company tax, company tax rate, growth of government, GST, indirect taxation, property taxes, size of government, Social Security contributions, taxation and investment, taxation and labour supply, welfare state
The only major change in the US tax mix in the last 50 years has been greater reliance on social security contributions.

Source: OECD Stat.
The share going to income taxes bobbing up and down quite a lot in the last 30 years much of that to do with the business cycle. In the 1990s, the share of taxes from personal income increased during boom times. In the Great Recession, the tax share to income tax rose with the declining economy as did that on corporate profits.
20 Nov 2015
by Jim Rose
in politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics
Tags: Denmark, Finland, growth of government, Norway, Scandinavia, size of government, Sweden, taxation and entrepreneurship, taxation and investment, taxation and labour supply, welfare state
12 Nov 2015
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of regulation, entrepreneurship, industrial organisation, politics - USA, public economics, survivor principle, taxation, technological progress
Tags: creative destruction, Daron Acemoglu, Denmark, entrepreneurial alertness, Eurosclerosis, international technology diffusion, taxation and entrepreneurship, taxation and innovation, taxation and investment, taxation and labour supply, technology followers, welfare state
25 Sep 2015
by Jim Rose
in economic history, income redistribution, politics - Australia, Public Choice, public economics
Tags: Australia, incidence of taxation, social insurance, taxation and entrepreneurship, taxation and investment, taxation and labour supply, top 1%, top tax rates, welfare state
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