Quote:
Quote by: GHook93  If I could go back on it I think Huckabee had the best idea with the fair tax. Like it or not big business stimulas the economy, by providing jobs and revenue. Dubai has the most rapidly growing Corporate arena in the world. A good reason for it is the 0 corporate taxes! We should learn from them. |
Dubai is one working model, but they are not the only working model. This is a list of every country by GDP per capita.
https://www.cia.gov/library/publicat.../2004rank.html
The top few are mostly micronations fulfilling one economic niche, like banking or jewelry or oil. Up with these few are Norway and the UAE, which seems odd because one is democratic socialist and the other is a capitalist success story.
However, I'd much rather live in Norway than the UAE. Money in the UAE is concentrated in the hands of a few and gets spent on things like this:
YouTube - Palm Island Dubai 1
(Artistically arranged artificial islands for the superwealthy. Here's a text article for those with dialup)
Palm Islands - Wikipedia, the free encyclopedia
Whereas in Norway they give you healthcare and public transit and a working educational system.
Human Development Report 2007/2008 - GDP per capita (PPP US$)