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The OECD reports Tax Revenues Rise.

The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose slightly in 2017, to 34.2%, compared to 34.0% in 2016. The OECD average is now higher than at any previous point, including its earlier peaks of 33.8% in 2000 and 33.6% in 2007.

France Overtakes Denmark

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The tax collection blue ribbon now goes to France. Congratulations!

Vs the OECD average of 34.2%, French taxes amount to 46.2% of GDP. Denmark, Sweden, Italy, and Greece round out the top five.

In addition to the blue ribbon, what else does France get?


Amusingly, it was a promise delivered: Macron Promised a Revolution, He Got One, Against Himself

In response, I offer this bit of political advice: Politicians Beware: It's Best Not to Deliver What You Actually Promise.

How Did This All Start?

Good question.

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Macron raised diesel taxes to pay for the global warming reduction effort that he campaigned for.

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Where Are We Now?

That's another good question.

In response to the riots, please note: France Suspends Diesel Tax Hike.

Musical Tribute

I am certain readers would like a fitting musical tribute to these events. I posted this before but who can resist another Beatles tribute?

Comment of the Day

You say you want a revolution. Well, you know. We all want to change the world.

Mike "Mish" Shedlock