Thursday, September 14, 2006

We should expect a little more back for our taxes

Another chart from the State of Working America, Chapter 8:


This one gives the lie to the claim that redistribution of wealth through taxes does nothing. It shows the childhood poverty rates of countries before and after taxes and other transfers are accounted for. According to this chart, Sweden's child poverty rate is 18% without taking into account the money provided by the government. After, it drops to 4.2% (they could still do better, see Denmark and Finland). In the US the drop is less impressive: 26.6% before, 21.1% after.

Oh yeah, we spend money on guns.

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