Why Poor People in the Freest Nations Have Incomes 8x Higher Than Poor People in the Least Free

in economics •  2 years ago 

In countries with lower taxes, fewer regulations, and a strong rule of law, the poor are actually comparatively wealthy.

Source: Why Poor People in the Freest Nations Have Incomes 8x Higher Than Poor People in the Least Free - Foundation for Economic Education

The evidence is overwhelming. In countries that are more economically free, the poor are relatively wealthy compared to those in countries that are less free. I'm not saying things are perfect by any means but reducing economic freedom by increasing regulations and taxes will only make things worse.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!