Dispatch from Canada: 146th Birthday Edition
Every Tuesday from now on, I’ll be reporting on the latest goings-on up here in the Great White North.
Because a lot of what you think you know about Canada is probably decades out of date.
As investment bigwig and journalist Theo Caldwell recently noted:
But Canada is far from American stereotypes of socialism, centralization and obeisance, at least in relative terms. By almost any measure, Canada is a freer country than the U.S.A.
Economically, the contrast is stark, for those who care to see. While folks reflexively state that Canadian taxes are higher than those of the United States, corporate and personal rates are lower up north.
How much lower are those corporate taxes? Canada ranks 6th lowest out of 185 nations. America came in at a shocking 69th place.
Believe it or not, Canada’s average household net worth is higher than America’s.
We also have lower unemployment, and our economy is holding steady, thanks in part to our ingenious refusal to give mortgages to welfare bums.
We have fewer divorces, fewer traffic fatalities, and way fewer tornadoes.
We’re skinnier, too. (Seriously: your restaurant portions are freakishly huge.)
But what about “the American Dream”?
According to one (Canadian) economist, “a son born to a poor father in the U.S. is twice as likely to remain poor throughout his life than if he had been born in Canada.”