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by dlp211
2426 days ago
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> Giving up US citizenship is pretty easy. Easy yes, cheap no. Considering that Hong Kong is at the top of that list, it tells me that maybe "economic freedom" is not necessarily the thing to optimize for. Or to put it in other terms, I don't believe that any singular -ism is the solution. > As to VAT being “unpopular”—that’s a very odd statement. How is that odd? We have an economy driven heavily by consumption, a VAT would make everything more expensive and would be seen as a tax on the poor and middle class. |
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It certainly seems like one of the dimensions to optimize for, considering that also ahead of the U.S. on that list are pretty great places like Canada, Australia, Ireland, and New Zealand. Also Singapore and Taiwan, places that went from poverty to prosperity in a couple of generations thanks to economic freedom.
> How is that odd? We have an economy driven heavily by consumption, a VAT would make everything more expensive and would be seen as a tax on the poor and middle class.
It's odd to say that something that has been universally adopted by the liberal democracies of every other OECD country is "unpopular."