tag:blogger.com,1999:blog-1657394535887928020.post8290973242150742551..comments2023-04-30T10:29:40.119-04:00Comments on DaddyBear's Den: Someone Actually Gets ItDaddyBearhttp://www.blogger.com/profile/07508543148426098384noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1657394535887928020.post-79246815162157465502011-01-27T07:00:55.013-05:002011-01-27T07:00:55.013-05:00It's the "informal taxes" and Byzant...It's the "informal taxes" and Byzantine bureaucracy that seems to be holding Russia back. Corruption by government officials is rampant and expected. Also, the wealth that Russia gains from her mineral resources is either absorbed by corruption and theft, or is being squandered in keeping old, inefficient industries alive. If Russia wants to become a truly modern economy, it needs a good cleaning and investment in industry.<br /><br />But I see no threat in Russia improving. As economic security for the common man improves, I expect that demands for individual freedom will increase. It may take a generation or two, but it will happen. I can see a difference, even under Putin, from what was normal when I was there in 1995.DaddyBearhttps://www.blogger.com/profile/07508543148426098384noreply@blogger.comtag:blogger.com,1999:blog-1657394535887928020.post-49728876044844546252011-01-26T22:05:17.939-05:002011-01-26T22:05:17.939-05:00At least Russia has a Flat Tax.
Fiscal freedom is...At least Russia has a Flat Tax.<br /><br />Fiscal freedom is the one area in which Russia is at the forefront. <br /><br />Russia has relatively low taxes. The individual income tax rate is a simple flat 13 percent, and the top corporate tax rate is simple flat 20 percent. <br /><br />Russia’s competitive flat income tax rate and low corporate tax rates support innovation, although private enterprises also must cope with informal taxes” such as bureaucratic hassling and corruption.<br /><br />I would not be surprised to see Russia eventually overtake the US in their economic freedom. The US has slipped every year lower and lower on the rankings.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1657394535887928020.post-77787612177231545412011-01-26T16:13:12.170-05:002011-01-26T16:13:12.170-05:00Winnefeld has his act together... Problem is Russi...Winnefeld has his act together... Problem is Russia doesn't comprehend personal rights, but other than that, I'd agree!Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com