The Unites States has fallen from the list of top 10 freest economies in the world


#1

The Heritage Foundation ranks the United States as the 12th most economically free country.

Fox Business Network contributorCharles Paynesaid government size is a large factor in economic freedom rankings.

“It’s about regulations, it’s about how hard it is to start a business it’s about how hard it is to borrow money, how much taxes you’re paying, how much you get to keep, and it takes away the incentive for people to go out and do things, like hire other people,” Fox Business Network’s Melissa Francis said.

Below are the top 10 freest world economies:

Hong Kong
Singapore
Switzerland
New Zealand
Canada
ireland
Chile
Mauritius
Denmark

With our fearless leader and his minions in charge, the U.S. is sinking faster than the Titanic. Having traveled many times to Hong Kong and Singapore, I wholeheartedly agree with this list. You can’t find a better laissez faire economy anywhere than Hong Kong. I never have issues buying electronic equipment or stuff from HK or Guangdong based companies. Customer service is great. They answer all my emails and concerns. Shipping is fast with 2-3 day arrival by DHL, UPS, or FedEx. And I pay no taxes which is always a good thing.


#2

Link?


#3

foxnewsinsider.com/2014/01/15/us-falls-list-top-10-freest-world-economies


#4

Just another politically motivated hit piece from the Heritage Foundation. Nothing surprising there.


#5

Keep printing trillions of dollars and the U.S. will have fallen out of the top 100.


#6

heritage.org/index/


#7


This is a faulty study (as is everything from the Heritage foundation). Somalia certainly has the “freest” economy in the world. :rolleyes:


#8

I am surprised that the United States was even on the list of the top ten freest economies.


#9

Have you done business in Somalia lately?

online.wsj.com/news/articles/SB10001424127887324448104578612053972350748


#10

Noted that the neither of you seem to be capable of responding in a substantive way - by speaking to something specific in the report.

Ishii


#11

:thumbsup:


#12

First of all, if the measure of success is how close to unbridled capitalism we are then we should be celebrating a decline. Second, they don’t adequately explain their assessment. For example, they claim that protection of property rights has declined. Based on what??? Then there is the ever screeching right-wing talking point of corporate tax rates. Heritage doesn’t bother mentioning that 2/3 of businesses have no tax liability and the average effective tax rate of the 1/3rd which do is only 12.6%. Etc.


#13

Economic “freedom” as defined by the heritage foundation is extraordinarily low on my priorities list.


#14

Hong Kong

A lot of Hong Kong Chinese got Canadian citizenship before 1999, out of worry of what might be around the corner. Many of those have moved back, or indeed never left, as there is more money to be made in Hong Kong than Canada.
I would be surprised if this one had not made the list.

Singapore

This city has always been all about business.

Switzerland

From everything that I have heard about Switzerland, I would be surprised if it had not made the list.

New Zealand
Canada

These seem to be example of two countries that were on the precipice of really bad things happening to their economies, and they bit the bullet and made the necessary reforms to make their economies more sustainable. In the Canadian example, in order to out-maneuvre the calls from the right to reform, the liberal government stole the thunder of the Reform and made the reforms themselves. They therefore became the brunt of all the rage from the left, and still have not recovered.
New Zealand’s situation was even worse than Canada’s, so their being on the list is good news indeed. It shows how good government policy can really turn things around.

Ireland

Ireland is probably on shakier ground due to the financial meltdown of the banking system of a few years ago. Still, the talk of the Celtic tiger and the economic miracle verify the reasons that Ireland may be on this list.

Chile

Chile is one of those examples that raise questions of whether or not the ends justify the means. The massive oppression and torture that has led to a economy that is legitimately on the list will be troubling to anyone who has experienced the lost of family and friends through those means, or who had been made refugees.
On the other hand, the repression and suffering hoisted upon those who have fallen under leftist regimes is not much less, and the results are always a worst economy than that which existed before.

Mauritius

Don’t know that it is or isn’t.
It would be easy to look up and find out why it is on the list though.

Denmark

This is an interesting example. It does tie into something I read about its similar rather socialist neighbour, Sweden. The reason that these economies have been able to pay for their cradle to grave, without relying on Germany like countries like Greece must, is because their businesses are given free reign to be profitable.
It is an interesting example though, for it does show that even socialist countries are capable of building an economy based on economic freedom. It is a different model than the Hong Kong one for sure.

At any rate, I would have picked any of these economies before I would have picked Somalia.:shrug:


#15

I hear Belize is a good place to relocate.


#16

I think they may actually be correct on their assertion of the protection of property rights. I assume they are thinking about New London v Kelo.

ATB


#17

Or just another politically motivated hit post by Emperor Napoleon?

Apparently, you like America’s “new direction”?


#18

Kelo v. City of New London was decided 9 years ago. Who knows what they’re thinking since they’re not citing anything. :shrug:


#19

Ironic that all 10 countries have some form of national healthcare far more extensive than anything provided for in Obamacare’s massive giveaway to the private, for-profit, health insurance companies.

Freedom for who? Freedom from what? Freedom to do what?


#20

From the article:

Fox Business Network contributor Charles Payne said government size is a large factor in economic freedom rankings.

“It’s about regulations, it’s about how hard it is to start a business it’s about how hard it is to borrow money, how much taxes you’re paying, how much you get to keep, and it takes away the incentive for people to go out and do things, like hire other people,” Fox Business Network’s Melissa Francis said.


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