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By A Smith (anonymous) | Posted June 16, 2010 at 19:16:15
According to indexmundi, Switzerland's GDP (PPP) per capita increased by 38.21% from 2000-09. In contrast, Canada's was only 32.1%. Switzerland's top income tax rate is 41.5%, Ontario's is 46.41%. Switzerland taxes consumption at 7.6%, Ontario at 13%. Median corporate tax rates in Switzerland 21.3%, in Ontario they are 32%.
On the spending side, Switzerland's government's only spend 32.1% of GDP. In Canada, it is closer to 39%.
In 20010, Switzerland's unemployment rate was 3.7%, Canada's 8.5%.
Does anyone want to make the argument that lower taxed, smaller government, resource poor Switzerland is running their economy worse than we are?
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