To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Tuesday, December 18, 2007

Swiss Canton Votes "No" On Roads, Sewers, Running Water, Education, Health And Civilization

Via Cato@Liberty:

Obwalden has become the first Swiss canton to adopt a flat income tax rate, with more than 90 per cent of the electorate voting in favour of the move. The decision, announced by the authorities after a vote on Sunday, comes after a court ruled the canton’s previous degressive tax model unfair. From next January Obwalden will impose a rate of 1.8 per cent on all categories. The new model also exempts the first SFr10,000 ($8,700) of income from taxation, a measure designed to benefit those on lower incomes the most.

Based on the information on this page, the Swiss tax system is still fairly complex (although apparently relatively simple). But Switzerland and much of Eastern Europe seem interested in lowering taxes and inviting investment.

Will the resulting prosperity teach the USA a lesson?

Labels: , ,