Canada Rises & US Falls - Economic Freedom [Pic+]

Submitted by: kitteh9lives 5 years ago in

Canada rises to Top Five in world economic freedom ranking as U.S. plummets to 18th, its lowest position ever.
There are 27 comments:
Male 14,331
Hong Kong`s a country seems legit........
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Male 2,850
@Palfas

"You can tell this report is utter BS when they rank the US as #1 in sound money."

That was in 2005. Before the crash.

I think it`s your reading ability that`s utter BS.
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Male 411
You can tell this report is utter BS when they rank the US as #1 in sound money. This chart is nothing more then a circle jerk for the "free market" capitalists.
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Male 2,850
Feel free to check my figures here:

http://listentotaxman.com/
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Male 2,850
PS: My pre-tax income is, converted to dollars, $26,254.

And to show that these figures are not a symptom of getting an easy ride as a low earner, here are the tax figures calculated for someone earning double what I earn ($52,508).

National Insurance: 9%.
Income tax: 15%.

Do people in your country earning $52,508 pay more or less than 15% income tax?

Do people in your country earning $52,508 pay more or less than 9% of their income on fully-comprehensive health insurance with no co-pay?
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Male 2,850
Not 30%. Not 40%. Nothing like what people try to claim. I pay 9% income tax. I pay 6% for my healthcare (and other welfare).

How much do you pay in income tax? Is it more or less than 9% of your income?

How much do you pay for your fully-comprehensive health insurance with NO co-pay? Is it more or less than 6% of your income?
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Male 2,850
@MayjorPain

"Canadian healthcare isn`t "free" either, they pay some of the highest taxes in the world for it."

But they still end up paying less for it in the end.

When you call it "free" healthcare, you`re misrepresenting what it is. It`s actually called "free at the point of use". You still pay for it, but you pay for it when you are capable of paying for it (when you`re healthy and earning), NOT when you need the healthcare (when you`re likely to be the least capable of actually affording it).

It`s a good system. It`s like one giant insurance policy for the nation`s population. In fact, in Britain it`s even called that: the tax that pays for our healthcare (and state pensions, unemployment benefit, etc) is actually called "National Insurance".

It really is quite a minimal tax. I have my pay slip in front of me: I pay 6% of my income in national insurance. And I pay 9% in income tax.
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Female 155
Canada`s population is about 35 million. Compared to US`s population, we`re pretty easy to handle.
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Male 12
Bullpoo. Canada is below the US in human development, and US citizens have a bigger voice regarding politics. Canadian healthcare isn`t "free" either, they pay some of the highest taxes in the world for it.
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Male 15,832
We have Obama; they don`t.
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Male 8,061
Socialism works...in Canada.
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Male 736
by not pretending that `socialism` is a bad word we can have adult conversations on the matter.
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Male 914
gary8162 and uatme:

You two are idiots.
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Male 5,811
[quote]Please notice that the main problems are `the size of government, `legal system` and `regulations`.[/quote]
Actually I think it`s more complex than that. Obviously it`s due to the perfect union of capitalism AND socialism. Canada is essentially a political Voltron. ;-)
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Male 5,811
[quote]were full[/quote]
Eloquent in its brevity, as smoothie now fills my sinuses. Bravo sir.
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Male 17,511
Please notice that the main problems are `the size of government, `legal system` and `regulations`.

All 3 things Obama wants more and more of.
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Male 700
Australia FTW
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Male 1,084
@gary8162 maybe it`s zero indexed? lol. Actually tho the list is from 2010, so maybe in 2012 we`re 5th. But its not news that we`re higher than the states, its been multiple years.
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Male 12,138
vv Joint 5th with Australia, exact same score. I guess Australia`s listed above Canada purely alphabetically.
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Male 946
Correct me if I`m wrong but the article said Canada takes it`s place among the top 5 then lists the following countries: Hong Kong, Singapore, New Zealand, Switzerland, Australia, then Canada.
Now I`ve never understood the "new math" but by my count, Canada`s number 6.
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Male 5,193
Here`s an idea, when you end a war you give the war budget back. You don`t get to just keep that same high defense budget.
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Male 2,578
Canada is essentially more capitalist than America, yes.
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Male 2,376
were full
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Male 15,510
The Canadian dream
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Male 553
Welp.. Guess it`s time to pack up and head north..
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Male 892
Hong Kong isn`t a country.
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Female 8,043
Link: Canada Rises & US Falls - Economic Freedom [Pic+] [Rate Link] - Canada rises to Top Five in world economic freedom ranking as U.S. plummets to 18th, its lowest position ever.
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