those charts are incredible !!!
Russia recovers from socialism. USA goes into it. clear.
http://www.heritage.org/Research/Commentary/2003/03/Russias-Flat-Tax-Miracle
Yet in Russia, President Vladimir Putin — the former head of the Soviet KGB — implemented a flat tax in 2001. Not only a flat tax, but a flat tax with a 13 percent rate, four percentage points lower than the supposedly “radical” plan espoused by Steve Forbes and former House Majority Leader Dick Armey. And it’s been a big success.
(same thing as the Celtic Tiger miracle in Ireland.
and until a few years ago, Ireland had ZERO national debt.
they are bankrupt now, because their banks purchased toxic debt from AIG and Goldman-Sachs, THEN passed a law that made the Irish PEOPLE on the hook for the banks.
- similar to our bailouts -
then the banks collapsed. instant poverty for the Irish.)