interfluidity, to random

“Those who suggest that low taxes in the US mean that people there have more money to spend are being disingenuous, because US citizens need to pay, either directly or indirectly, for social goods that are provided free in other countries.” @sjwrenlewis https://mainlymacro.blogspot.com/2023/04/which-oecd-country-is-highest-social.html

djr,
@djr@union.place avatar

@interfluidity @sjwrenlewis


Before the 1990s the System of National Accounts (SNA) did not distinguish between individual public services - education, healthcare etc. - and collective ones - defence, public administration etc. This fouled up international comparisons and led to some spectacularly erroneous policy decisions - most notably in Sweden - as a result.

These days this has been corrected but policymakers may not yet have caught with this.

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