General Electric has received a lot of unwelcome attention for paying zero federal income tax in 2010, even though it reported $5.1 billion in U.S. profits. This is a good news-bad news situation. The good news is that GE’s clever tax planning deprived the government of revenue. And I’m in favor of just about anything [...]
Archive for March 28th, 2011
In One Chart, Everything You Wanted to Know about the Relationship Between Good Policy and Economic Prosperity
Posted in Chile, Competitiveness, Economics, Free Markets, Government intervention, Rankings, Statism, tagged Argentina, Chile, Competitiveness, Economics, Free Markets, Statism, Venezuela on March 28, 2011 | 14 Comments »
Okay, the title’s an exaggeration, but this chart is rather revealing. It shows how per-capita GDP has changed between 1980 and 2008 in Chile, Argentina, and Venezuela. As you can see, Chile used to be the poorest of the three countries and now it is comparatively rich. Argentina has enjoyed a bit of growth. Venezuela, [...]
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