Oct 11th 2012, 6:40:39
Yes Liechtenstein is a country with good economic indicators. Suffice it to say, this is why one must be able to make a reasonable deduction. With an LFP of less than 40,000 and extremely friendly business tax provisions, shouldn't it be obvious that their indicators are skewed? It's simple mathematics. If you divide 100 by 100 what do you get? Now divide 100 by 1 and what do you get? That's whats happening in Liechtenstein. Low corporate taxes provides for more business's to be shelled there, thus increasing GDP. Low LFP/population means a lower denominator. I don't care if you "cop" to that, I don't really care if anyone agrees with me. Just posting in case one person that reads these threads actually wants to become a little more educated. Economics is a fun subject. If you learned about it maybe you wouldn't believe that national greatness is an empty concept. FYI, this is why GDP is the better indicator of how a country is doing. Do you know where Liechtenstein and America ranks? 160th and 1rst respectively.
If you take time to notice in the example in my first post on this thread, you can see I included several indicators along with population. There is a method to this madness. You can't just forget parts of a formula...Now I am not sure if you actually want to throw around some thought provoking ideas or if you just want to solidify your preconceived notions. If you want the latter, then I want no part of this nonsense. But if you actually want to tackle the idea of national greatness being empty, start a thread. I can offer some reasonable ideas.
If you take time to notice in the example in my first post on this thread, you can see I included several indicators along with population. There is a method to this madness. You can't just forget parts of a formula...Now I am not sure if you actually want to throw around some thought provoking ideas or if you just want to solidify your preconceived notions. If you want the latter, then I want no part of this nonsense. But if you actually want to tackle the idea of national greatness being empty, start a thread. I can offer some reasonable ideas.