Does Hong Kong Have the World's Best Health Care System?
- Hong Kong's 6 million people are one of the healthiest populations in the world. The life expectancy is 84 for women and 78 for men, the second-highest worldwide. Hong Kong's total health care spending is about 6% of GDP. Compare that to about 16% in the U.S. today, and rising.
The top income tax rate in Hong Kong is 17% for individuals, and 17.5% for corporations. There is no sales tax, VAT, payroll tax, capital gains tax, inheritance tax, tax on dividends or interest income.
The US has become a Third World backwater of waste and corruption.