Jay's apparently a closet technocrat who won't let private enterprise
get in the way of competent government. Who knew?
BTW - In addition to individual and corporate income taxes, Estonia also imposes
VAT, excise taxes, property taxes, customs duties, taxes on gambling, and taxes
on heavy vehicles.
The article erroneously described Estonians tax system. Estonia does not have a
flat tax; their system is similar to ours in allowing mortgage interest,
charitable contributions, and other deductions. Gains from the sale of
securities can be deferred. Does that sound like a flat tax system?
Jay, do you suppose that Estonia's success has something to do with their
having been a socailist atate? Obviously yes. The Soviet block's practice
of communism was not unitfom Stalinist gray. As we know the west had a lot to
teach the east, but the reverse is also true, as you point out. Western
economists are ineffective because most of them have never read any Marx
Jay missed a big point in the article about Estonia. The estonians have an
abundant energy source which they use to produce most of their electricity.
It is the stuff called oil shale. They have been burning it for 40 years.
Recently the country spent millions of dollars to acquire several thousand
acres, prime oil shale reserves, in Uintah County, and are actively looking at
how best to develop the property. Is a big story in and of itself.
flat tax huh?hear that barack?
Lots of lessons to be learned from Estonia. A national health insurance system
(single payer)works beautifully, and is totally integrated with the public
hospital system. An education system ranked in the world's top ten (we are
37th, and Utah is a mediocrity even here). A 6% debt because they have no vast
war budget. Yes, we could learn a lot from Estonia.