4 ms·
If other countries have lower taxes, why don't they have more entrepreneurialism, value creation, innovation, and employment than America?
by iron_ball 17y ago
If other countries have lower taxes, why don't they have more entrepreneurialism, value creation, innovation, and employment than America?
- cwan 17y agoTaxes are obviously only a part of the equation but if you look at the trend lines, it's definitely not good. Taxes elsewhere have been falling significantly while those in the US have stayed the same. I do think other places in the world are seeing greater levels of entrepreneurialism (at least in the places I travel). The US is now nearing if not exceeding levels of unemployment in places like Canada and Europe.
- evgen 17y agoThe entrepreneurial rate in most countries had nowhere to go _but_ up, so this really tells us nothing more than the fact that a lot of countries have woken up and reduced the structural disincentives to entrepreneurship that had been in place. It is also not possible at this time for a country to be 100% entrepreneurs (or even close to that) and every additional percentage of entrepreneurship takes more and more effort. Corporate taxes, beyond the obviously bad levels you see at the extremes, are not as directly tied to either entrepreneurship nor unemployment rates as you would suggest (c.f. in the late 90s we had higher taxes and much lower unemployment numbers -- the reason why this was the case is easy to see in retrospect, but it is a simple and direct example of how your arguments are flawed.)