In Defense of Big Government #
September 7th, 2008 | In Worth Considering
Today, in the regularly-provacative Ideas section of the Boston Globe, lurks a piece to warm the hearts of “tax-and-spend liberals” (and will no doubt lead to at least one smug declaration of “That’s what I’ve said for years”). A sampling:
Lindert’s work surveyed a century of data across numerous countries and found that high taxes and social spending did not slow the growth of productivity or GDP. Statistically speaking, Lindert found no relationship between the level of social spending and economic growth. High tax nations like Norway grow rapidly and produce high standards of living. Even the income per hour of work in nations like France and Germany is equal to or even exceeds America’s.