From the CBC:
"Tax cuts are disastrous for the well-being of a nation's citizens," say authors Neil Brooks and Thaddeus Hwong.
The study compares four high-tax Nordic countries (Sweden, Norway, Denmark, and Finland) with six low-tax Anglo-American countries (the U.K., U.S., Canada, Ireland, Australia and New Zealand).
The four Nordic countries scored better than the lower-taxed countries on most of the 50 indicators measured in the report, including:
- Rate of poverty, equality of income distribution, and economic security for workers.
- GDP per capita.
- Rate of household saving and net national saving.
- Innovation, including percentage of GDP spent on research and development.
- Growth competitiveness as ranked by the World Economic Forum.
- Rates of secondary school and university completion.
- Rate of drug use.
- Leisure time.