Originally posted by RTS
EU has added more regulations which mean cheaper prices and faster speeds.
More regulations is needed only in area which the market does not let competition appear.
There are hardly any regulations on competition in terms of internet in the EU. The place where competition doesn't appear is when the government gets involved and allows for regulations. That's when competition doesn't appear. If internet companies were competing to provide customers with better prices, they would be able to drive down the cost of internet. But the thing is that, in Canada, that's illegal. Competition is literally illegal here. All the lines in Canada are Rogers and Bell, meaning that if another company like Verizon or ATT wanted to come here to set up their own lines, they would not be allowed to do so, and that's all protected by the government.
Originally posted by RTS
Healthcare is another example with the US having some of the highest healthcare costs in the world. Lack of competition means high prices from the insurance companies.
This is also something that is true, however again, this is not caused by free market. This is caused because of government subsidizing healthcare, and imposing harsher regulations on them. If healthcare in the USA was privatized and allowed for more competition, prices would decrease drastically. Of course, there will still need to be some form of regulation, as we are talking about healthcare and people's lives, and people would still have to adhere to the laws and whatnot.
Originally posted by RTS
Lack of a healthcare program in the US which is free hurts the US, the system needs reform the market has been too slow.
Free healthcare is a large illusion. There is no such thing as free. Tax rates would skyrocket, and the government would be forced to do what it did in Canada, increase regulations so that they can benefit from it and drive up costs for everything in the country. I can get the sense for what you stand for, and I would honestly encourage you to move to Canada and see how you like the incredible left leaning policies here. This is how liberals want the world to be like, and Canada would be a perfect example of what happens after you have years of Liberal rule. We have "free" healthcare which really translates to paying thousands in extra taxes (which you could use those savings in the US to buy insurance that is really cheaper than the so called free healthcare in Canada). We have alcohol regulated by the government, meaning that they make piles of money off it, which who could blame them when you're paying $30 for a case of beer.
Originally posted by RTS
For example, countries that made large cuts in top tax rates such as the United Kingdom or the United States have not grown significantly faster than countries that did not, such as Germany or Denmark.
I don't really know about that.
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They have hardly been growing in terms of GDP growth rate.
The US has been doing much better (after the recession)
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These are the same numbers used in a CNN report.
So economic growth in the USA is still increasing at a better rate than that of Germany.
Originally posted by RTS
Point is room to increase taxes at the higher end and use that on something like capital spending. Not all goverment spending is bad some of it good like captial spending, which has a high fiscal multiplier. If you want a good example see what happens when the UK cut it capital spending growth went down. Goverment spending most of it is welfare based. Most people like welfare spending.
Even if you hate welfare you can use to drive growth by the use of capital spending.
We overall needs a rethink in how we think about welfare, and move towards the Nordic model.
The Nordic model is something that does not work in all situations, and will not work in the USA. It works, because all the people in the Nordic countries are very similar in nature. They do not want free things, and they like working 30 hours a week for a little less pay with higher tax rates and less money for themselves. They don't have a lot of welfare dependency and have a lot less people unemployment. They are not like the people in the USA, they themselves are motivated and are not bothered by lower wages and higher taxes. Similar to how Canada acts, we are not bothered by being in a constant state of mediocrity. Don't get me wrong, Germany is amazing and has extremely intelligent people, however, the higher tax rates is why their products still cost so much. Not to mention to sell things here, you have to pay shipping etc.