By every measure of small business employment, the United States has among the world’s smallest small-business sectors (as a proportion of total national employment). The lower taxes, less stringent regulations, and freer labor markets in the United States, it appears, have not yielded greater small-business employment here than elsewhere.An International Comparison of Small Business Employment by John Schmitt and Nathan Lane from The Center for Economic and Policy Research.
Tuesday, August 4, 2009
Another Reason We Need Health Care Reform
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"The lower taxes, less stringent regulations, and freer labor markets"
ReplyDeleteCompared to who? We have the highest corporate tax rate in the world and a hefty tax at the upper end of the income scale -- such that in some parts of the country "the rich" and small businesses are paying 50%+ in taxes.
Less regulation? Not convinced there either.
From Wikipedia:
"The Center for Economic and Policy Research (CEPR) is a progressive economic policy think-tank ... [that] works on ..."gaps in the social policy fabric of the U.S. economy."
That hardly sounds like an unbiased source.
I find it hard to believe that I even have to spend time on this. Don't you ever read any of the scare stories on your right-wing websites about how Obama is intent on ushering in European socialism with its high tax rates and regulatory burdens? Why do you think that Europe is such a bogeyman to the conservatives?
ReplyDeleteYou cannot make comparisons based on a single tax rate. You have to look at the overall tax burden. The average ratio of tax to GDP for the EU is around 40%. In the United States it is about 30%. We may have a higher corporate tax rate, but they have other taxes that more than offset that.
This isn't controversial stuff Chris.