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RE: Minimum Wages - To be or not to be...
great post, I lived in hong kong for awhile and they have no minimum wage there. I believe they are ranked number 1 in economic freedom. The benefits from this were that I could eat at restaurants and buy things from certain vendors at incredibly low prices but still good quality for the most part. but if you wanted to and can afford it there are restaurants and shops that are high end. People get paid what they are worth to society there just how it should be and it allows for more people to enter into the market.
Yup, free markets work well. Socialists and communists and lefties don't get it. They all cry "fairness" and whatever nonsense because they want to control things and not let cause and effect reign over reality.
exactly, Also hk is a great place to start a business. Hong Kong and Singapore both. Hong Kong has a straightforward tax system.The company pays 16.5% of taxes on any profit generated in Hong Kong and nothing else. So if your company imports cellphones from China and sells them to European retailers or through a U.S. based e-commerce site, the company pays no taxes, as the income was generated outside Hong Kong. However if you are a US citizen like me you'd still have to pay taxes to the us government even if you based your internet site in hong kong as well. This is also a good way to show people that we are slaves. I just tell them that if you work and live overseas and don't spend any money in the US or earn any money in the US you still are supposed to pay taxes on what you earned while working and living overseas.