Denmark—Not the Paradise it Seems

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    Do not think about, write about or deal with  human behavior without determining the effects of incentives. It’s not their money, of course they’ll waste it.

    Wherein we see “democratic socialism” in action. It’s a terrible system so Paul Krugman, quite naturally, likes it. He loves high taxation so the Elite can allocate wealth as they see fit.

““I am a school teacher from Denmark, making about 61,000 a year. We get free education. You don’t have to pay for the doctor, the hospital, and students even get paid to study. It sounds so great… right? However, I forgot to mention that nothing is ever free. The lowest personal income-tax in Denmark is a minimum of 40%. Also we pay a sales tax of 25%, and on top of sales tax the government applies further (generally hidden) duties and fees, applied to almost everything, making it really hard for lower-class people to get by, causing them to be deeply dependent on government handouts. A gallon of gas is about 10 dollars. Tax on a car is around 180 percent, which brings a normal Honda Accord which retails for around 20,000 dollars in the US to around 50,000 dollars in Denmark. Denmark is the highest taxed nation in the world- taxed an average of 80 percent of every earned dollar, caused by excessive taxation. Danes also have the highest private debt in the world, only few will ever own a car or house here, banks generally do-hypocritically , the very same bankers that the collectivists despise. Anyone who makes over 80,000 dollars annually pays a personal tax of 68%. This means that almost all people with higher earnings have either found ways to evade taxes, or have left the country, often brining their companies with them (sound familiar?”

    Suck away incentives and this happens.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “Days of Songs and Mirrors: A Jacobite in the ‘45.
Cui Bono–Cherchez les Contingencies

 

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