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.