Monday, March 14, 2011

The Answer Is: This City Has The Most Billionaires in The World

What is Moscow, Alex?

Right you are Watson. According to Forbes anyway. This is mind-blowing. In 20 years capitalism has worked miracles in the old Soviet Union. The story is even more amazing when one considers that Russia started with next to no investment capital, a shoddy industrial base, political corruption, aand they have since experienced rampant terrorism and war.

Most Russians pay a flat rate of 13% income tax. http://www.worldwide-tax.com/russia/russia_tax.asp Team Less Regs/Lower Taxes has won another victory. As far as I know, they are undefeated.

Does anyone know of a match where Team High Tax/Massive Regs emerged victorious in the prosperity category? Let me know if you find one.

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