Canada Beats the US in the Index of Economic Freedom

Go Canada!

I know, I’m in India and a I’m a very ardent fan of the Constitution of the United States; however, even I couldn’t help feeling sad over the way the current leaders of the US are throwing that beautiful and prosperous country down the drain.

Moreover, since after much deliberation and careful thought, I applied for an immigration to Canada and not the US, it’s very encouraging for me to see that Canada is hitting all the right notes in terms of having a freer economy. For example, here are the different areas in which Canada beat the United States:

Business Freedom: Canada has a 96.5 rating vs the US, which has 91.3
Trade Freedom: Canada, 88.1 vs the US, 86.9
Fiscal Freedom (Taxes): Canada, 76.7 vs the US, 67.5
Property Rights: Canada, 90 vs the US, 85
Freedom from Corruption: Canada, 87 vs the US, 73

In other words, in Canada you’re much freer to operate your own business, you pay less in taxes, your property rights are more secure, and you have better freedom from corruption.

The only areas where Canada loses out is in Government spending. I can live with that.

Advertisement