Facts About Taxes: Michael Keane

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% women age 25 to 54 working full-time in USA, UK, Canada, Germany, France, Italy, Australia, New Zealand, Ireland, Sweden, Norway and Denmark

To account for full-time work being 35 hours per week in some countries but 40 hours others I have included both in the chart below. Not many Dutch women work full-time.

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Data extracted on 11 Mar 2016 14:08 UTC (GMT) from OECD.Stat.

Gap in GDP per Australian, Canadian, French, German, Japanese, New Zealander and British hour worked with the USA

This data tells more of a story than I expected. Firstly, New Zealand has not been catching up with the USA. Japan stopped catching up with the USA in 1990. Canada has been drifting away from the USA for a good 30 years now in labour productivity.image

Data extracted on 28 May 2016 05:15 UTC (GMT) from OECD.Stat from OECD Compendium of Productivity Indicators 2016 – en – OECD.

Australia has not been catching up with the USA much at all since 1970. It has maintained a pretty consistent gap with New Zealand despite all the talk of a resource boom in the Australia; you cannot spot it in this date are here.

Germany and France caught up pretty much with the USA by 1990. Oddly, Eurosclerosis applied from then on terms of growth in income per capita.

European labour productivity data is hard to assess because their high taxes lead to a smaller services sector where the services can be do-it-yourself. This pumps up European labour productivity because of smaller sectors with low productivity growth.

#NeverTrump but why no #neverBernie, only #feelthebern?

Why have no Democrats formed the equivalent of #NeverTrump?

Bernie Sanders is not even a member of their party. Have they no principles?

Many of their republican opponents do in rejecting Trump and planning to vote for either Clinton or Gary Johnson.

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Sanders is an old socialist throwback whose economic policies would plunge the American economy into a deep recession harming most of all those that Democrats claim to represent.

Sander’s mind is just as inflexible as that of Trump as is his unwillingness to learn from events.

@BernieSanders nothing is free in Denmark

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Source: Brutal Meme Reveals Truth About European Socialist Countries? : snopes.com.

@garethmorgannz gives optimal tax theory a pass once again @JordNZ

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Source: Mankiw, N. Gregory, Matthew Weinzierl and Danny Yagan. 2009. "Optimal Taxation in Theory and Practice." Journal of Economic Perspectives, 23(4):147-74.

The Morgan Foundation gave optimal tax theory a pass in yesterday’s publication about taxes on land and capital. Gareth Morgan is keen on a comprehensive capital tax.

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Source: Taxing Wealth & Property – What Works? A Morgan Foundation Report.

This failure to refer to optimal tax theory is despite the Foundation’s strong commitment to evidence-based policy. Any discussion of tax policy that is evidence-based must refer optimal tax theory.

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Source:  Morgan Foundation, Public Policy Education.

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