I'm just sayin'

I know a country that one would think was a Capitalist paradise. No income taxes. No property taxes. A weak central government. Restrictive, nativist, immigration policies that effectively keep minorities from working legally or getting citizenship. There's a "Christian Values" clause in the constitution. Banking regulation is extremely lax.

It's the Bahamas and it's a third world country. Most of the nation's wealth is owned by a small handful of people and the obligatory multinational corporations. Nothing trickles down but the rain and there's little of that in the dry season. There's not as much reason to invest when it can just sit there and accumulate tax free. The basics like food, water and shelter are quite expensive, unemployment is tremendous.

I'm just sayin'. . .

But of course they do have a certain level of government backed health insurance for those who aren't privately insured and a Social Security like program, so that must be why they're an underdeveloped and poverty stricken country, right? I knew I'd find a reason.