America Ranked 20th for Ease Of Business Start-up : Rwanda Is Easier

I guess what we need now to get our country back from the brink is more regulation, higher taxes and fees. With thousands of new regulations generated every year, and piled on top of the thousands generated the year before on all aspects of our lives, what is anyone that's paying attention or actually trying to start a business think this country is serious about economic success?

Given what has transpired over the last 6 years of progressive socialist controlling the levers of government, is it any wonder we are just rank twentieth and not a lot worse?

United States Ranks behind Rwanda in Ease of Creating New Business
Source: Sean Higgins, "U.S. Ranks behind Rwanda, Belarus, Azerbaijan in Ease of Creating New Business, World Bank Says," Washington Examiner, January 22, 2014.
January 28, 2014

The World Bank and the International Finance Corporation has found that it is easier to start a new business in Rwanda, Belarus and Azerbaijan than in the United States, says the Washington Examiner.

• The report looked at 189 countries, analyzing their regulations and required procedures for starting a new business, as well as compliance time and costs.
• New Zealand, the World Bank found, boasts the easiest procedure for starting a business, requiring only "one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital."
• Also in the top five were Canada, Singapore, Australia and Hong Kong.

But in the United States, starting a new business takes six procedures, five whole days and 1.5 percent of a company's income per capita. The United States ranked 20th among the 189 countries that were studied.