The news you're not supposed to know...

Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
Article posted Feb 11 2014, 6:01 AM Category: Economy Source: The Freeman Print

The Man Behind the Hong Kong Miracle

Three cheers for Hong Kong, that tiny chunk of Southeast Asian rock. For the twentieth consecutive year, the Index of Economic Freedom—compiled by The Wall Street Journal and the Heritage Foundation—ranks Hong Kong (HK) as the freest economy in the world.

Though part of mainland China since the British ceded it in 1997, HK is governed locally on a daily basis. So far, the Chinese have remained reasonably faithful to their promise to leave the HK economy alone. What makes it so free is music to the ears of everyone who loves liberty: Relatively little corruption. An efficient and independent judiciary. Respect for the rule of law and property rights. An uncomplicated tax system with low rates on both individuals and business and an overall tax burden that’s a mere 14 percent of GDP (half the U.S. rate). No taxes on capital gains or interest income or even on earnings from outside of HK. No sales tax or VAT either. A very light regulatory touch. No government budget deficit and almost nonexistent public debt. Oh, and don’t forget its average tariff rate of near zero. That’s right—zero!

Full Article »

Latest Economy
- Once More: The TPP Agreement Is Not a Free Trade Agreement, It's a Protectionist Anti-Free Trade Agreement
- Truck Vendors Must Ask Permission From Competitors to Do Business
- Uber's Peaceful Revolution
- Failure to Launch
- Federal Government Pay Exceeds Most Industries
- Right Now There Are 102.6 Million Working Age Americans That Do Not Have a Job
- Canada Wants To Cut Price Of 'World's Most Expensive Drug'; US Manufacturer Sues To Stop It
- That $750 Generic Pill Is a Pure Artifact of Regulation

No Comments Posted Add Comment

Add Comment


Verification *
Please Enter the Verification Code Seen Below

Please see our About Page, our Disclaimer, and our Comments Policy.

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy

Advanced Search


Remember Me
Forgot Password?

The Mystery of ISIS' Toyota Army Solved - 10/0916-Yr-Old & His Mom Tazed & Arrested After Boy's Waving at Cop Deemed 'Suspicious' - 10/09Julian Assange: 'Snowden, I and Kim Dotcom All Assigned Same Prosecutor in Virginia' - 10/09Man Arrested On Felony Drug Charge as Revenge For Lawsuit - 10/08Chief Defends 'Good Cop' Who Pepper-Sprayed Man For No Reason as He Walked Down The Street - 10/09Scamming Cop Busted Mailing Traffic Tickets to Innocent People - 10/09Once More: The TPP Agreement Is Not a Free Trade Agreement, It's a Protectionist Anti-Free Trade Agreement - 10/09US Defense Secretary Predicts Terror Attacks On Russia - 10/09

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up