5 ms·
Yes, entrepreneurs are flocking there to take advantage of their low, low taxes and non-stagnant economies.
by fivestar 9y ago
Yes, entrepreneurs are flocking there to take advantage of their low, low taxes and non-stagnant economies.
- coldtea 9y agoI don't care what "entrepreneurs" do. Their citizenry doesn't have large swaths living like third world workers / peasants at the mercy of their corporate overlords and sudden illness and such, and that's enough for me.
- zuminator 9y agoWhy the smugness? In particular, Norway's GDP per capita is notably higher than that of the US in both PPP and nominal measures. And both countries outrank the US in terms of the so-called "quality of life" or "where-to-be-born" index.
- electricblue 9y agoYou want to be born there because they are relatively small groups born on top of huge reserves of oil. Not really applicable or relevant to the economy in the US.
- dv_dt 9y agoNorway is not freely spending the oil wealth, instead it's going into a sovereign wealth fund with protections on spending. So I really don't think you can dismiss their success with their oil reserves. Norway's approach seems to be a very smart way to handle the oil wealth and atypical of most outcomes. See the phrase "resource curse," natural resource riches like oil typically hurt the economic growth of the nations that should be benefiting from it.
- tanderson92 9y agoWhy organize one's society solely around the interests of entrepreneurs, or those who prefer a particular form of government?
- coldtea 9y agoSo that you get innovations like the iPod, Facebook and various gadgets -- while working 60 hours/week to make ends meet and you're still a sudden illness away from debt.
- Apocryphon 9y agohttp://www.independent.co.uk/life-style/gadgets-and-tech/features/stockholm-is-rivalling-silicon-valley-with-a-hotbed-of-technology-start-ups-9931876.html http://www.independent.co.uk/life-style/gadgets-and-tech/fea...
- kesselvon 9y agoCompanies don't start because of a low tax environment, but because of market demand. If low taxes mattered, Kansas would lead the way in business creation and economic growth
- eli_gottlieb 9y agoSwitzerland's pretty nice, actually. Sweden's economy grew by 3.3% last year, which is not bad at all.