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To: TADSLOS
What they fail to mention is that income tax in Iraq is now capped at 15% max., and tarriffs are 5%. Which means the open foreign direct investment will probably work out quite nicely for the Iraqi people.

Imagine, an Arab country with a free economy! THAT is something to celebrate. And it will show the rest of the Arab world how it's done.
11 posted on 09/21/2003 3:58:08 PM PDT by eno_ (Freedom Lite - it's almost worth defending)
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To: eno_
What they fail to mention is that income tax in Iraq is now capped at 15% max

Too bad our legislators won't make that the percentage cap here in the U.S. Of course, they don't have any problem voting themselves a pay raise every year.

12 posted on 09/21/2003 4:14:12 PM PDT by TADSLOS (Right Wing Infidel since 1954)
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To: eno_
Imagine, an Arab country with a free economy! THAT is something to celebrate.

There already are several. (All having reformed since Gulf War I, but of course you won't hear that from the "war doesn't solve anything" crowd.) According to the Heritage Foundation's Index of Economic Freedom, Bahrain and the U.A.E. have more free economies than Tawain, Israel, Japan or France. Kuwait's is as free as France's, and Qatar nearly so. The column heads got stripped, but the overall score (the lower the better) immediately follows the year (which is the last time the country was evaluated):


18 posted on 09/21/2003 8:50:16 PM PDT by Stultis
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