Government Revenues to GDP

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This analysis describes the distribution of government tax (% GDP) figures worldwide for 2015, and this metric's relationship with GDP levels. This exposition is presented as an illustration of Wager's Law, and is framed in response to policy questions about whether U.S. tax levels are high. The analysis suggests that the US has relatively low tax levels, and extraorindarily low levels for a wealthy country. This analysis is part of a series examining the viability of socialism as an economic governance strategy.

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