Wednesday, March 23, 2011

Debunking American Myths

I love it when someone shows that a point of common wisdom is total nonsense. In this case, its a bit of common wisdom I've had my own doubts about for a long time... that low taxes and correspondingly low social services are somehow good for small business.

Thats utter bollocks, as INCs recent study of entrepreneurialism in Norway clearly shows.

Norway has some of the highest taxes in the world AND the highest % of entrepreneurs in its population. Why? Because, with all their human needs taken care of by a strongly socialist government, people with an idea have the freedom to explore it without fear of them or their dependents ending up penniless on the street.

Doesn't that make simple, obvious sense, now that you think about it? Not only that but those who are paying the most in taxes are by and large happy to pay them because they see what they are paying for on a daily basis.

More information on the study can be found here...