Monday, February 22, 2010

Redistributive Economics

This chart (HT to Chartporn) shows how member countries in the European Union measure up when comparing benefits from the Union and costs. It seems the "poorer" countries tend to see more benefits than costs; and the "richer" countries experience the reverse. I don't think that's surprising.

What is interesting is the reaction of many in the richer countries who don't feel they are getting their share and/or that the poorer countries aren't paying their share. One would think the idea of progressive taxation wouldn't be so surprising. I do find myself wondering how a chart of U.S. states would look, don't you?

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