Tuesday, 25 September 2012

Fiscal policy in the United States of Europe

Here's the US Federal Tax receipts as a proportion of GDP


http://upload.wikimedia.org/wikipedia/commons/7/75/U.S._Federal_Tax_Receipts_as_a_Percentage_of_GDP_1945%E2%80%932015.jpg



and  the excellent Karl Whelan points us to something really important
Another Step Toward A Federal Europe? Talks To Expand EU Budget ould Be Watershed Moment.   
He notes that the current EU figure for Brussels is around 1%, of which 0.5% is on farming.  My take, for what it's worth, is that the farming figure unfortunately is a signal of what most people would expect a higher Brussels tax take to be spent on. I do hope I am wrong.

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