OECD’s Latest Keynesian Malarkey: Tax Them And They Will Grow……Not!

The OECD begins with the statistic that whereas the burden of tax on developed nations is about 33% of GDP, that on underdeveloped nations is only about half that level. It concludes from this that a key to poor countries developing their economies is higher tax collection, which “enables governments to invest in growth, relieve poverty and deliver public services to underpin long-term growth.”