HOUSE_OVERSIGHT_021045.jpg

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Type: Presentation slides / economic analysis report
File Size: 1.52 MB
Summary

This document contains two slides from a KPCB presentation titled 'USA Inc. | What Might a Turnaround Expert Consider?' (pages 407 and 408). The first slide presents data showing the USA has the lowest taxes on consumption of goods and services among OECD countries as of 2007. The second slide illustrates a long-term economic trend from 1965 to 2009, showing a dramatic rise in housing and healthcare spending (reaching 20% of GDP) contrasted with a sharp decline in net household and government savings (dropping to -9%). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating its inclusion in a congressional investigation.

Key Quotes (3)

"Current Tax Policies Help Spur Consumption – USA’s Taxes on Consumption of Goods & Services Lowest Among Peers"
Source
HOUSE_OVERSIGHT_021045.jpg
Quote #1
"America’s Resources Allocated to Housing + Healthcare Nearly Doubled as a Percent of GDP Since 1965, While Household and Government Savings Fell Dramatically"
Source
HOUSE_OVERSIGHT_021045.jpg
Quote #2
"USA Inc. | What Might a Turnaround Expert Consider?"
Source
HOUSE_OVERSIGHT_021045.jpg
Quote #3

Full Extracted Text

Complete text extracted from the document (1,427 characters)

Current Tax Policies Help Spur Consumption –
USA’s Taxes on Consumption of Goods & Services Lowest Among Peers
Taxes on Consumption of Goods & Services as % of GDP Among OECD Countries, 2007
[Y-Axis Label: Taxes on Consumption as % of GDP, 2007]
20%
16%
12%
8%
4%
0%
[X-Axis Labels/Countries]:
USA
Japan
Switzerland
Canada
Australia
Korea
Mexico
Spain
Luxembourg
UK
Germany
France
OECD Average
Belgium
Italy
Czech Republic
Ireland
Netherlands
New Zealand
Slovak Republic
Turkey
Greece
Austria
Norway
Finland
Sweden
Poland
Portugal
Hungary
Denmark
Iceland
KPCB
www.kpcb.com
Source: OECD, 2009 database.
USA Inc. | What Might a Turnaround Expert Consider? 407
America’s Resources Allocated to Housing + Healthcare Nearly Doubled as a Percent of GDP Since 1965, While Household and Government Savings Fell Dramatically
Healthcare + Housing Spending vs. Net Household + Government Savings as % of GDP, 1965-2009
[Y-Axis Label: As % of GDP]
25%
20%
15%
10%
5%
0%
-5%
-10%
[Data Labels]
11%
7%
20%
-9%
[Legend]
— Housing + Healthcare Spending as % of GDP
—o— Net Household + Government Savings as % of GDP
[X-Axis Labels]
1965
1970
1975
1980
1985
1990
1995
2000
2005
Note: Housing includes purchase, rent and home improvement. Government savings occur when government runs a surplus.
Source: BEA, CMS via Haver Analytics.
KPCB
www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 408
HOUSE_OVERSIGHT_021045

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