Quote:
Originally Posted by mikey_the_redneck
You don't know much about Africa then......
Africa for the most part is controlled by ruthless dictators, multi-national corporations, the U.N. and of course the I.M.F. (loans) running their finance/economy....
That is a whole lot of interference...
My thoughts on taxes and government jobs.....governments are notorious for not being able to manage money/people properly, and tons of waste and even corruption usually results.
The private sector tends to run their businesses more efficiently from a personnel and finance standpoint, and is much more productive. Lower taxes is always better. I was under the impression that when you increase taxes on people, you tend to get less tax revenue, because the unemployed/under-employed just don't bother to pay.
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These are generally the people that run countries when there is little or no goverment oversight.
The less goverment regulation and taxation the more you leave things in the hands of oligarchs and ruthless #######s, they don't build roads or hospitals or Universities as they are only concerned with their own wealth and don't care if an effective education or transportation system is in fact imperitive to a countries economic growth.
This is what has effectively stopped Russia from achieving its potential, if they can ever get an effective democracy and legal system going there the US will find itself falling to third place in the world in short order. China on the other hand has a very effective goverment who have invested heavily in infrastrucure, education, as has the goverment in India (also socialist for much of the time since independance).