Higher taxes, lower unemployment rates


iconThe hollow skulls at the Washington Post are trying to make the case that higher taxes means lower unemployment. They spout endless numbers to make it sound as if taxes are actually good for the economy. Unemployment was higher under Reagan than Clinton, and spiked again when George W. Bush took office. See! See! Taxes are good for unemployment numbers.

But I think that the most telling example is this one:

Total taxation in Sweden, including local taxes, is equal to 59.2 percent of that country's economy, the highest level in the 27-member Organization for Economic Cooperation and Development. In contrast, the U.S. total tax burden is 30.6 percent, lowest among the OECD members. Yet unemployment for the past two years in Sweden has been considerably lower than U.S. levels.
So how can that be?

Well, first of all, the Washington Post is talking about unemployment rates, not jobs. According to the Bureau of Labor Statistics, unemployed is defined as someone "who had no employment during the reference week, were available for work... and had made specific efforts to find employment sometime during the 4-week period ending with the reference week." In plain English, that means that people who aren't actively looking for work, aren't considered unemployed. Now, if you lived in socialist Europe where almost 60% of your income was seized by the government, would you be looking for work? I know I wouldn't, and that would mean that although I'm not working, I'm not considered unemployed either.


Category:  Blaming the Media
      top   link me

(c) Ravenwood and Associates, 1990 - 2014

About Ravenwood
Libertarianism
Libertarian Quiz
Secrets o' the Universe
Email Ravenwood

reading
<Blogroll Me>
/images/buttons/ru-button-r.gif

Bitch Girls
Bogie Blog
Countertop Chronicles
DC Thornton
Dean's World
Dumb Criminals
Dustbury
Gallery Clastic
Geek with a .45
Gut Rumbles
Hokie Pundit
Joanie
Lone Star Times
Other Side of Kim
Right Wing News
Say Uncle
Scrappleface
Silflay Hraka
Smallest Minority
The Command Post
Venomous Kate
VRWC


FemmeBloggers


archives

search the universe



rings etc

Gun Blogs


rss feeds
[All Versions]
[PDA Version]
[Non-CSS Version]
XML 0.91
RSS 1.0 (blurb)
RSS 2.0 (full feed)
 

credits
Design by:

Powered by: Movable Type 3.34
Encryption by: Deltus
Hosted by: Bluehost

Ravenwood's Universe:
Established 1990

Odometer

OdometerOdometerOdometer