Good news! We're still (just barely) ahead of Mexico. Who knows, with the latest bold leadership from President Obama and the Republican Party, maybe we'll fall out of the industrialized nation category altogether. Feudalism here we come!
The U.S. has historically collected less in taxes and spent less than the majority of its OECD counterparts, in part because it operates such a stingy social safety net that doesn't assist the least fortunate in society as well as programs in other countries do. Still, the chart shows that the U.S. is far from a high-tax country, and Democratic offers to raise modest amounts of revenues in the budget process would hardly send the nation's level of taxation through the roof.We need to fight the proposed Social Security cuts like our lives depend on it. Because they do.