Following up on my post yesterday about France being the top taxed country in the OECD (Organization for Economic Cooperation and Development), the ever resourceful fiscal economist Dan Mitchell dives deeper into the data, including a table that compares the taxes AND spending as a percentage of GDP.
The US ranks in the lower percentages than most countries on both scales. Lower means lower tax and spending levels as a percentage of GDP. This is a positive development in my book because the government wastes a lot of resources and is less efficient. Dan also explains that. How does a government provide necessary services efficiently and effectively but keeps the politics and feeding of bureaucracy?