Managing Decay

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

"The secret of […] success is simple - less regulation, lower taxes and more freedom. That is a formula that can work everywhere."

It is not a political statement by a republican, which makes liberals cringe. This was published in Washington Times on March 20, 2012 by Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth.

It is about Georgia. Not the one with Atlanta, it is about Georgia with Tbilisi as their capital city, Georgia, which just 2 decades ago became independent in the aftermath of the collapse of the Soviet Union.

My first cousin lives in Tbilisi. He is a retired criminalist expert. Struggles living on a small pension with unemployed wife, lives very modestly… But he was telling me about the growth, the changes around, the way they curtailed the boundless lawlessness, so that his 20-y.o. daughter can walk in the middle of the night with no fear for her safety…

I was always taking it with way more than just a grain of salt. I live in America, and it is us who have the birthright to lead the world, to make life better…not Georgia… Still I am curious, I Google stuff, and I ran into this article.

I could not believe what I was reading. Forgive me excessive quoting, but I just can’t help it. Read the article. It is how Georgia, a small nation of 4.7 Mil, is getting from the ashes turning into a beautiful Phoenix… through pain, difficulties, lack of money, but going towards better future, towards stability and prosperity…

Managing DecayThe Georgians eliminated much regulatory red tape, moved to a largely free-trade regime and went to a 20 percent flat-rate personal income-tax system and a 15 percent corporate tax rate. The results are impressive. In the World Bank's 2012 Doing Business report on the "ease of doing business," Georgia ranks No. 16 of 183 countries and is No. 1 among the 24 countries in the Eastern European and Central Asian region. Georgia ranks No. 27 of the 141 countries in the Fraser/Cato Economic Freedom of the World index, by far the highest ranking in the region. Most important is the fact that Georgia ranks No. 7 on business regulation and No. 15 on the size of government”

“Georgia has had more success in fighting corruption than any other country.”

“Georgia has a debt-to-GDP ratio that is half that of the United States, the United Kingdom and France at a very manageable 38 percent.”

Reading it was like a case of déjà vu… Isn’t it what we hear every day… about America? Isn’t it what our President tells us was what caused all our problems in the first place? Isn’t it about a more efficient smaller government, more transparency, less taxes, less regulation, more measured success and more progress?

So, how about this: “The Georgians struggled to develop a free-market democracy during the first years after becoming independent but fell short until they elected a young, and partially U.S. educated, free-market reformer by the name of Mikhail Saakashvili as their new president in 2004.” 

Ah-ha, so Mikhail Saakashvili learned the concept of free market while here in the United States, and is applying it quite well in Georgia… Wow, how cool!

Somewhere in the article talking about Varshalomidze, the Chairman of Batumi, a Georgian city on the Black Sea, the author said “he is not trying to manage decay”… What a novel concept. Because when I listen to both Democrats and Republicans with their ideas on how to slow down the growth of debt, not elimination, it is managing decay.

Maybe we need to send our president to Georgia so that he could see what deregulation can do to the economy? Where he could see with his own eyes what lower taxes can do to development, to growth, to building stability and prosperity?

No, poor and mainly agrarian Georgia hasn’t reached it all yet, and might have a long road ahead… But there is a chance to get there once you have the right direction…

And managing decay is not it.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Politics And Real Estate
Silent Majority
Dissent
Blatant Politics
Tea Party
Tags:
political
jon zolsky

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
592,740
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

I beat most of those Georgians are happy to pull their own weight and are glad to have the Government out of their lives. We are moving in exactly the opposite direction, more government, more intrusion, more reliance on Big Government.

Aug 27, 2012 11:22 PM #14
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

April - aren't we strange nation? Understanding that our tax code is not effective and is not fair and leaving it this way? Adn same with everything else. Politicizing every tiny step and not taking needed steps because of it.

Aug 28, 2012 12:17 AM #15
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Pete - biug government, tht's a bigger problem than many of us think

Aug 28, 2012 12:17 AM #16
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Ted - glad you find it useful

Aug 28, 2012 12:19 AM #17
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Rob - is it what we call "American way"? We need to be shocked to start getting together and do anything good for the nation

Aug 28, 2012 12:20 AM #18
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jon - of course. And his goals sound so falimiar to me. I have heard it way back in the Soviet Union, all the freaking time there...

Aug 28, 2012 12:21 AM #19
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Than - people are never happy, so there I would not say everyone is happy in Georgia, but they are doing so much better than every other country formed out of the Soviet Union.

Aug 28, 2012 12:22 AM #20
Rainmaker
592,907
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Jon,

It's funny how we perceive things!

We look to the raiment's of the USSR for bad examples, yet here is a great example of the American Dream. We look to our President to promote the American Dream, yet his dream is quite different.

Bill

Aug 28, 2012 02:55 AM #21
Rainmaker
161,892
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp. - Irvine, CA

Jon - Look into Hong Kong as well and how the economy turned around when they implemented these traits.

Aug 28, 2012 05:18 AM #22
Rainmaker
425,757
Ted Baker
Carmody and Associates LLC - Winter Haven, FL
MidFloridaMediation.com

They are all useful, Jon - but this one I do not have to translate from Russian.

Aug 28, 2012 06:39 AM #23
Rainmaker
1,079,273
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Jon, this is such an irony - that a former Soviet country is learning what benefit a free market can do and we have leaders doing their best to completely destroy the free market in this country. Good for Georgia!!

Sharon

Aug 28, 2012 12:47 PM #24
Ambassador
2,286,939
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Sending him to Georgia to learn a thing or two sounds like a great idea!  

Aug 28, 2012 01:30 PM #25
Rainmaker
354,688
Dale Terry
Yadkinville, NC

And to a degree, people do not think America exports anything.  Capitalism works, has worked here for all to see.  Others in the world see it, why can't we/

Aug 28, 2012 08:40 PM #26
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Bill - it's a turpsy-turvy world. Really funny.

Aug 29, 2012 01:24 PM #27
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Satar - looks like we are better teachers, than students. People take over the idea and implement, and we walk away from the idea

Aug 29, 2012 01:26 PM #28
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

SDharon - this is so true. What we have - we do not value

Aug 29, 2012 01:26 PM #29
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Judi - exactly my point

Aug 29, 2012 01:27 PM #30
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Dale - I am asking this question myself and I do not understand why we are doing it

Aug 29, 2012 01:28 PM #31
Rainmaker
743,349
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

I'm not loving my options for next presidential election. Maybe you're onto something.

Aug 29, 2012 11:43 PM #32
Ambassador
1,720,996
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

No, I am not here to anything, I am simply very surprised that what is American idea is applied anywhere in the world BUT America

Aug 30, 2012 01:05 AM #33
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,720,996

Jon Zolsky, Daytona Beach, FL

Buy Daytona condos for heavenly good prices
Ask me a question
*
*
*
*
Spam prevention

Additional Information