America was once the freest nation in the history of the world and set the standard for others countries to follow. It has since lost much of the freedom for which the founding cultures sacrificed their lives, fortunes and sacred honor and now America can no longer make this claim.
Evidence of this decline is objectively displayed in the Wall Street Journal and the Heritage Foundation’s 2013 Index of Economic Freedom, available at http://www.heritage.org/index/, in which America is ranked tenth behind Denmark out of 177 ranked countries. The index measures ten benchmarks of economic freedom that it defines as the fundamental right of every human to control his or her own labor and property.
Tenth out of 177 countries may not seem that bad, yet for a country founded on freedom, whose national anthem proclaims it to be the “land of the free and the home of the brave”, and whose foreign policy boasts about spreading freedom around the world, such a ranking is not only embarrassing it makes America hypocritical.
The numbers are even more revealing when one drills down into the specifics. America has remained between 75 and 81% free in overall ranking since 1995 when data was first collected for the index. It has also remained above the world average in Business Freedom, Trade Freedom, Investment Freedom, Financial Freedom, Property Freedom, Freedom from Corruption, and Labor Freedom.
Until 2013, it has remained above the world average in Monetary Freedom as well. It, however, has been below the world average in Fiscal Freedom since 1998 and with the exception of 2000 and 2001 it has been below the world average in Government Spending since 1995 when they first started the index.
The Heritage Foundation defines Fiscal Freedom as “a measure of the tax burden imposed by government. It includes both the direct tax burden in terms of the top tax rates on individual and corporate incomes and the overall amount of tax revenue as a percentage of GDP.”
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