Portugal

The country that can still collect taxes

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 28/09/2026, 06:41:24 UTC.

Briefings

The article contrasts US fiscal capacity with European fiscal constraints, highlighting that the US can tax without stifling growth while Europe faces high defense spending and lower tax revenues. Key data points include US federal deficit at 5.8% of GDP in 2026, US 10-year Treasury yield at 5.1%, and US tax revenue at 25.6% of GDP versus 34.1% OECD average. The author argues the US avoids a debt crisis due to its unique tax structure and lower military burden compared to NATO allies, whereas Europe faces structural pressures from defense commitments and inflation.

Key points

• The US maintains a 25.6% tax revenue-to-GDP ratio, significantly higher than the OECD average of 34.1%, allowing it to fund deficits without stifling economic growth.
• US 10-year Treasury yields reached 5.1% in September 2026, driven by inflation and high debt, while European yields remain near 4% due to lower tax burdens and defense spending constraints.

Context and limitations

Data reflects September 2026 projections from Congressional Budget Office and OECD estimates; inflation and military spending levels remain uncertain.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 28/09/2026, 06:43:28 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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