"The welfare of humanity is always the alibi of tyrants" - Albert Camus

Wednesday, June 2, 2010

Response to Hillary's Dubious Claim

"Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what - they're growing like crazy." -- Hillary Clinton

...And now for reality:

Data source: Google (based on World Bank data).

Growth in GDP (market prices based on constant local currency) from 1990 to 2008:
Panama: 189%
Chile: 168%
Costa Rica: 154%
Peru: 121%
Argentina: 111%
Brazil: 63%

Tax revenue as percent of GDP (most recent year):
Panama: 10.7%
Chile: 18.9%
Costa Rica: 15.2%
Peru: 15.7%
Argentina: 24.5%
Brazil: 35.3%
Sources: Google (based on World Bank data) and Heritage Foundation's 2010 Index of Economic Freedom (use the "Find Your Country" search and look at fiscal data)

So much for the "smartest woman" in politics, as the left likes to refer to her.  You know, facts and progressives - they do not mix well!

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