In response to:

U.S. Falls in Economic Freedom Index

M.Hillinger__aka__QR Wrote: Jan 10, 2013 2:03 PM
Interesting. The top two, Singapore and Hong Kong, are little larger than city states and can avoid many of the costs of larger countries (e.g. defense). Their tax burdens are very low (14.1 & 14.5 percent of total domestic income.) The other countries above us include: Denmark 50 percent of total domestic income. Canada 31 percent of total domestic income. Switzerland 29.8 percent of total domestic income. NZ 31.3 percent of total domestic income Aus 26 percent of GDP. Chile 31 percent of total domestic income. And what about the US? The overall US tax burden equals 24.8 percent of total domestic income. Taxed enough already? Not compared to the countries that are economically "free".
cdmsr Wrote: Jan 11, 2013 8:52 PM
Hong Kong is actually a Chinese possession administered as a special administrative region (SAR). So, it is not a country, and it is in a communist country, the People's Republic of China.

Poor Ol' Heritage Foundation. Maybe they should rehire Norm Ornstein.
Petrus64 Wrote: Jan 10, 2013 2:14 PM
btw, as I mentioned earlier, look at Fraser Institute's ranking. We're 28th (next to Bahrain). And that was 2010 analysis... Pretty sure we've dropped further.
Petrus64 Wrote: Jan 10, 2013 2:12 PM
You're taking income tax only....

The bigger question is why is Socialist Denmark more free than the US?

Are we Socialist enough yet?
M.Hillinger__aka__QR Wrote: Jan 10, 2013 2:15 PM
"You're taking income tax only.... "

No I am not. I am using the stats from the index and this is the total tax burden. Take a look for yourself.

"Are we Socialist enough yet? "

Well, if economic freedom is a good thing, then apparently being socialist and being economically free are not incompatible.
The Heritage Foundation released their annual Index of Economic Freedom, a country-by-country ranking of economic freedom throughout the world. The United States' position in their rankings fell for the fifth year in a row - this time below Denmark - and ranks as the tenth-freest country in the world, in the "mostly free" category.

Hong Kong ranks as the freest country in the world according to the Index, followed by Singapore and Australia. New Zealand and Switzerland round out the top five. Out of the top ten countries, however, only two became more free relative to last year's...