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Old 01-02-2013, 11:22 PM
 
Location: Denver
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I live in the US, and I don't see my country as being very far to the right - or libritarian/nonsocialist- on the economic spectrum. We have soon to be state run healtcare, big millitary, big EPA, lots of taxes... Are there other countries that have freer economies than the US?
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Old 01-02-2013, 11:42 PM
 
11,686 posts, read 13,078,672 times
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Quote:
Originally Posted by Phil P View Post
I live in the US, and I don't see my country as being very far to the right - or libritarian/nonsocialist- on the economic spectrum. We have soon to be state run healtcare, big millitary, big EPA, lots of taxes... Are there other countries that have freer economies than the US?
What do you mean by "right wing economy"? Do you mean right wing society?
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Old 01-03-2013, 12:44 AM
 
Location: Westminster, London
878 posts, read 1,119,228 times
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He's likely referring to fiscal policies that are traditionally associated with the right -- such as corporatism over social welfare. IMO the USA is economically stuffed whatever path it chooses. They can only kick the can in keynesian fashion for so long before they come face to face with the reality of mathematical truths.
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Old 01-03-2013, 05:44 AM
 
6,767 posts, read 7,482,828 times
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Quote:
Originally Posted by Phil P View Post
I live in the US, and I don't see my country as being very far to the right - or libritarian/nonsocialist- on the economic spectrum. We have soon to be state run healtcare, big millitary, big EPA, lots of taxes... Are there other countries that have freer economies than the US?

by european standards , taxes are very low in america

capital gains tax on the sale of stocks is 15% , in ireland its 33% , in the uk its even higher

the top rate of income tax prior to the latest deal in washington was 35% , in ireland its close to 50%

the minimum wage in the u.s is something like $ 8 an hour , in ireland , its 8.50 euro

goverment spending on defense is enormous in america but on everything else , its well below most developed countries
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Old 01-03-2013, 07:58 AM
 
Location: Denver
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Originally Posted by MissionIMPOSSIBRU View Post
He's likely referring to fiscal policies that are traditionally associated with the right -- such as corporatism over social welfare. IMO
Yes thats what I mean. I see the US as fairly Kenyesian, although Europe must be more so according to IrishBob. Is there other countries which embrace a more Austrian School form of economics or are most all of them pretty Kenyesian.
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Old 01-03-2013, 03:56 PM
 
Location: Baldock, hertfordshire, England
770 posts, read 706,455 times
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Quote:
Originally Posted by irish_bob View Post
by european standards , taxes are very low in america

capital gains tax on the sale of stocks is 15% , in ireland its 33% , in the uk its even higher

the top rate of income tax prior to the latest deal in washington was 35% , in ireland its close to 50%

the minimum wage in the u.s is something like $ 8 an hour , in ireland , its 8.50 euro

goverment spending on defense is enormous in america but on everything else , its well below most developed countries
No its not (AFAIK, unless you know otherwise?). Its 28%, and until the coalition, was 14%, ie lower than the US.

The min wage in the US is, IIRC dictated by states. The federal one hasnt changed since 1960 or something.
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Old 01-03-2013, 03:58 PM
 
Location: Baldock, hertfordshire, England
770 posts, read 706,455 times
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Quote:
Originally Posted by Phil P View Post
Yes thats what I mean. I see the US as fairly Kenyesian, although Europe must be more so according to IrishBob. Is there other countries which embrace a more Austrian School form of economics or are most all of them pretty Kenyesian.

Possibly the eastern bloc. And they'd probably have Keynesian systems if they could afford them. But thanks to the EU everyone would desert them if they had to pay western euro tax rates on eastern euro wages!
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Old 01-03-2013, 04:22 PM
 
6,767 posts, read 7,482,828 times
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Originally Posted by LAWS View Post
No its not (AFAIK, unless you know otherwise?). Its 28%, and until the coalition, was 14%, ie lower than the US.

The min wage in the US is, IIRC dictated by states. The federal one hasnt changed since 1960 or something.

ok their is obviously a different capital gains rate for stocks than property , capital gains tax rate on property in the uk is something like 40% , its 33% in ireland but was only 20% six years ago
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Old 01-03-2013, 06:40 PM
 
Location: Michigan
4,571 posts, read 6,738,980 times
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The minimum wage for most states is around 7 dollars. The highest is $9 and the lowest is $5. But on average it's $7.
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Old 01-04-2013, 05:51 PM
 
Location: Earth
1,278 posts, read 1,175,110 times
Reputation: 1353
Quote:
Originally Posted by Phil P View Post
I live in the US, and I don't see my country as being very far to the right - or libritarian/nonsocialist- on the economic spectrum. We have soon to be state run healtcare, big millitary, big EPA, lots of taxes... Are there other countries that have freer economies than the US?
Just to clarify, we won't have state run health care soon. We'll have heavily regulated private insurance companies, with some, but limited expansion of Medicaid. We've had it in Massachusetts since 06, and I can assure you, my insurance is still from a private company.
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