[BITList] over reaction

[COLIN TAYLOR]

yo frank

interesting info..seems ozz isn’t spending so much on welfare after all, so probably best not to worry about the impossibility that more is spent on welfare than tax payers contribute!

ct

From: franka 
Sent: Monday, May 14, 2012 12:36 AM
To: BitList 
Subject: Re: [BITList] CAN AUSTRALIA SURVIVE GIVEN THE FOLLOWING ?

Colin
As they say one can juggle figures to prove disprove almost everything
frank


Welfare expenditure
There is very little correlation between economic performance and welfare expenditure.[31]

The table does not show the effect of expenditure on income inequalities, and does not encompass some other forms of welfare provision (such as occupational welfare).

The table below shows, first, welfare expenditure as a percentage of GDP for some (selected) OECD member states, with and without public education,[32] and second, GDP per capita (PPP US$) in 2001:

      Nation Welfare expenditure
      (% of GDP)
      omitting education Welfare expenditure
      (% of GDP)
      including education GDP per capita (PPP US$) 
      Denmark 29.2 37.9 $29,000 
      Sweden 28.9 38.2 $24,180 
      France 28.5 34.9 $23,990 
      Germany 27.4 33.2 $25,350 
      Belgium 27.2 32.7 $25,520 
      Switzerland 26.4 31.6 $28,100 
      Austria 26.0 32.4 $26,730 
      Finland 24.8 32.3 $24,430 
      Netherlands 24.3 27.3 $27,190 
      Italy 24.4 28.6 $24,670 
      Greece 24.3 28.4 $17,440 
      Norway 23.9 33.2 $29,620 
      Poland 23.0 N/A $9,450 
      United Kingdom 21.8 25.9 $24,160 
      Portugal 21.1 25.5 $18,150 
      Luxembourg 20.8 N/A $53,780 
      Czech Republic 20.1 N/A $14,720 
      Hungary 20.1 N/A $12,340 
      Iceland 19.8 23.2 $29,990 
      Spain 19.6 25.3 $20,150 
      New Zealand 18.5 25.8 $19,160 
      Australia 18.0 22.5 $25,370 
      Slovakia 17.9 N/A $11,960 
      Canada 17.8 23.1 $27,130 
      Japan 16.9 18.6 $25,130 
      United States 14.8 19.4 $36,000 
      Ireland 13.8 18.5 $32,410 
      Mexico 11.8 N/A $8,430 
      South Korea 6.1 11.0 $15,090 

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