3 ms·
GDP does not equate to government revenue. The expenditure to GDP is irrelevant. GDP also considers government spending and it’s easy to inflate the number when
by derangedHorse 2y ago
GDP does not equate to government revenue. The expenditure to GDP is irrelevant. GDP also considers government spending and it’s easy to inflate the number when a good chunk of it is borrowed money [1].
I agree with (3) but don’t think (4) has substance. “Fair share” is subjective never used in good faith.
[1] https://www.imf.org/external/datamapper/exp@FPP/USA/FRA/JPN/GBR/SWE/ESP/ITA/ZAF/IND https://www.imf.org/external/datamapper/exp@FPP/USA/FRA/JPN/...