We are twentieth. And ignore Ireland: its GDP data is so distorted by being a tax haven even Walt Disney would dismiss it as incredible.
We are also the slowest growing country in the EU.
That is not a coincidence.
Tax rises? Bring them on, I say. We will all be better off.
It is the deficit – or surplus of course – which is stimulatory or contractionary. For tax is, as MMT says, taking money out of the economy, reducing demand.
So, the MMT man tells us that more tax is going to make us better off.
Oh, and those places which do send more of GDP through government. Are they better off than we are? Hungary? Croatia, Greece?