Cykdelic wrote:
It is impossible to try and compare Scandinavian countries to the U.S. For one, they are all small and homogenous. Also, to be more accurate they are socialistic versus socialist, because all maintain private ownership of productive assets.
They all have high income tax rates, around 50-60% today, to promote massive social spending, but they aren't truly socialist. They do spend money on defense, but it's minimal at best (Norway is the biggest spender at 6 bil/yr, with Denmark and Finland spending tip money! The recent upswing in Russian aggressiveness has woken the Scandis up to the the need for more (finally), but they are starting behind the eight ball. Reasons for their low military spending include just depending on NATO and the U.S. To handle their security needs.
Now, here's a little secret........Scandinavian income taxes raise a lot of revenue because they are actually rather flat as they tax most people at these high rates, not just high-income taxpayers. As an example, the top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. From the American perspective, this means that all income over $60,000 (1.2 times the average income of about $50,000 in the United States) would be taxed at 60 percent!
Did I mention they are homogenous? Scandinavians follow "the law of Jante," or Janteloven, which they are taught from birth, that they, as individuals, are in no way special, that they are are inferior to society. This is a complete 180 from the U.S. where the right, power, and existence of the individual takes a strong precedent.
Janteloven has 10 commandments:
You’re not to think you are anything special.
You’re not to think you are as good as us.
You’re not to think you are smarter than us.
You’re not to convince yourself that you are better than us.
You’re not to think you know more than us.
You’re not to think you are more important than us.
You’re not to think you are good at anything.
You’re not to laugh at us.
You’re not to think anyone cares about you.
You’re not to think you can teach us anything.
Can you imagine even thinking U.S. parents would/could EVER raise their little darlings like
It is impossible to try and compare Scandinavian c... (
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A great post! I just found this out myself a couple of years ago, the little secret that Scandinavian countries tax EVERYBODY at their high rates, even the poor. In the U.S., the rich bear the overwhelming majority of the taxes.