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The World’s Freest Economies: America Barely Cracks the Top Ten

Young_ChitlinYoung_Chitlin YCN Chief/FCC Member/#RedVelvetSquad Member/IC Task Force GeneralASUville, PhoenixPosts: 23,364 ✭✭✭✭✭
By: Robert Kessler

The Heritage Foundation has released its annual list of the world's freest economies and, wouldn't you know it, the Asia-Pacific region is number one. Hong Kong, Singapore, Australia and New Zealand are all on top while the world's largest economy, America's, barely cracks the top ten.

The ranking is based on 10 indicators like government spending, trade and labor market freedom. The top ten are:

Hong Kong
New Zealand
United States

No members of the financially-troubled Eurozone can be found in the top ten. Ireland, however, comes in the 11th spot.

The United States' overall score is 76.0, down from 76.3 last year. America lost points in all categories of regulatory efficiency, but actually picked up points in government spending.

But, hey, it could be worse. North Korea, Cuba, Zimbabwe, Venezuela, Eritrea, Burma, the Democratic Republic of Congo, Equatorial Guinea, Turkmenistan and Iran received the ten lowest scores.

¡No contaban con mi astucia!
5 Grand wrote: »
I see a lot of people saying they'd "give" family members money.

Thats not what you want to do.

You want to set up a trust fund so they get a monthly payment. You can set up a trust fund so your mother gets, say, $10,000 a month for the rest of her life. According to my math, $10,000 per month for 20 years is $2.4 million. That's better than giving her $2.4 million up front because she can blow it all in a matter of days and then she'll want more and you'd feel obligated to give it to her.

So if you win, don't "give" anybody anything. Set up a trust fund.

Now that I think about it, I could set up a trust fund for my brother. I'd give him $10,000 a month. He's about 45 now so $10,000 per month for 40 years is only $4.8 million. That makes more sense than giving him the money in one lump sum.

AggyAF wrote: »
Anyone else think it's crazy only about 10 posters regularly post here and we got damn near 500 pages?

All the other sports threads on here are people with hobbies. This is football - the beautiful game. We eat, sleep and drink football.



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