Monday, August 15, 2011

US Learning From Singapore?

Even Scott Sumner thinks its the US can learn from Singapore:
7. The East Asian countries that actually are pretty rich (Singapore, Hong Kong, Taiwan, South Korea and Japan) tend to have tax rates that are well below the average of western countries.
8. Despite taxes that are much lower than in the US, Singapore has lots of nice roads and new infrastructure.
If we want to find an East Asian model to emulate, I’d suggest looking to low tax, rich, efficient Singapore, not poor and inefficient China.

No comments:

Post a Comment