Gvt Spending as a % of GDP — A Crisis of Capitalism

What is the Government Spending On?

  1. Addressing Market Failures
  2. Interest Payments on debt
  3. Subsidizing Capitalistic Industries

Where is the Government Getting Money From?

  1. Sales Taxes (VAT) carried by consumers
  2. Income Taxes
  3. Debt + printing of money

The Twisted Welfare States

How far can the Government Go?

Debt to GDP ratios
UK gvt spending as a percentage of GDP

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ryan Gosha

Ryan Gosha

Financial Analyst, Cloud Accountant, Citizen Data Scientist, FPL Boss