Comment by AnthonyMouse
16 days ago
Norway is the one that actually makes it work. Their GDP per capita is slightly higher than the US and more than $30,000 higher than the other Scandinavian countries.
"Captive tax base" means the industry can't move to another country as a result of high taxes. You can move factory jobs to China by moving the factory. You can't move oil and gas extraction jobs to China by moving the oil field.
and a basic sandwich costs 3x that of in denmark :)
That's the premise, isn't it? The local sandwich shop owner, a small business, makes more money relative to the global price of an iPhone or a solar panel so there is less wealth inequality.
The only useful increase in equality is the one that makes ordinary people better off. Making them poorer just to spite the rich by a larger amount is absurd.
The idea behind subsidising re-education is that it benefits the society in the long run. I guess I have no proof that it isn't what makes Scandinavian GDP/capita lower.
15 replies →