November 17, 2011

• The Big Lies

  Lie One: Higher Taxes and More Regulation will retard small business growth.
  If this were true, small (and large) U.S. businesses would not have experienced their greatest growth spurts of the past century during the time when there was the most government regulation and highest individual and corporate tax rates (1940-70).

  Lie Two: The U.S. has the best medical system in the world.
  If this were true, the U.S. would not rank behind Australia, Canada,France,Germany,Japan,Norway, Sweden, and the UK in Life Expectancy and Infant Mortality and General Population Health. The US does spend over twice as much per capita on health care as most of these other nations.

  Lie Three: The solution to the U.S. economic problem will be to reduce government regulation.
  If this were true, the U.S., which is rated currently as one of the most business-friendly nations in the world (ranking fourth behind singapore, Hong Kong and New Zealand) with its 15% increase in GDP in the past five years would not lag so far behind China ()160% GDP growth), Argentina (102% GDP growth), Russia (94% GDP growth), Brazil (135% GDP growth), Indonesia (147% GDP growth), and India (100% GDP growth). These countries are ranked as the hardest places to do business and deal with government regulations ( in ascending order with India as the most difficult) according to the IMF and World Bank.

  Lie Four: The "American Dream" is still alive and well.

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