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Originally posted by cloudieallover
socialism isnt bad at all
i live in chile where the left wing has always won the elections
(except for this past one where a right wing won, mostly because the other candidate sucked)
and our economy is at a point where the world could be in recession and we wouldnt even know it
property value is always going up and even going to be the first south american country declared
first world soon
all under socialist and left win presidents
and you really dont seem to have any arguments to support yourself anymore e.e kinda like a child covering their ears and shouting the same thing over and over again
Chile’s economic freedom score is 78.3, making its economy the 7th freest in the 2012 Index. Its overall score is 0.9 point better than last year due to improved scores in property rights, freedom from corruption, and monetary freedom. Chile enjoys the highest degree of economic freedom in the South and Central America/Caribbean region.
Regaining its status as one of the world’s 10 freest economies, Chile continues to be a global leader in economic freedom. The economy benefits greatly from its solid foundations of economic freedom, which have been further strengthened in recent years. Recognizing the importance of limited government, the government has adhered to prudent public finance management practices that have kept public debt and recent budget deficits under control.
All the pillars of economic freedom are solidly maintained in Chile. With a transparent and stable business climate, the country has created a dynamic environment for entrepreneurs. Barriers to free trade are quite low, and commercial operations are aided by efficient regulations that support open-market policies. Inflationary pressures are under control, and foreign investment is welcome. Despite some stress in the financial system, Chile’s modern and diversified economy has emerged from the global economic turmoil relatively unscathed.
The top income tax rate is 40 percent. July 2010 tax amendments temporarily increased the 17 percent corporate tax rate to 20 percent for 2011. The rate will come down to 18.5 percent for 2012 and return to 17 percent for 2013. Other taxes include a value-added tax (VAT) and a property tax, with the overall tax burden equal to 16.1 percent of GDP. Government spending is 24.4 percent of total domestic output, and public debt is under 10 percent of GDP.
Originally posted by cloudieallover
socialism isnt bad at all
i live in chile where the left wing has always won the elections
(except for this past one where a right wing won, mostly because the other candidate sucked)
and our economy is at a point where the world could be in recession and we wouldnt even know it
property value is always going up and even going to be the first south american country declared
first world soon
all under socialist and left win presidents
and you really dont seem to have any arguments to support yourself anymore e.e kinda like a child covering their ears and shouting the same thing over and over again