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GDP isn’t the total revenue of a country, total tax receipts are. If you think of the German government as a business, they generate roughly 2X the revenue of
by pembrook 4y ago
GDP isn’t the total revenue of a country, total tax receipts are.
If you think of the German government as a business, they generate roughly 2X the revenue of Apple, but with 5 million employees vs. Apple’s 150k.
Of course, the German government doesn’t optimize for growth and expansion like a company does (at least…not yet in this century… nervous laugh)