Most Danish voters oppose government plans to cut the top rate of income tax
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Re: Most Danish voters oppose government plans to cut the top rate of income tax
#2The sad thing is the US has a focus on taxes not spending. SS, Medicare, State, Local, Federal spending add up to 41% GDP yet taxes are no where near that. But, unlike say Japan at 42% GDP spending we don't get free healthcare etc.
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#3Their individual ones? Or the ones other citizens are paying?
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#4Their individual ones? Or the ones other citizens are paying?
Both.
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#5The sad thing is the US has a focus on taxes not spending. SS, Medicare, State, Local, Federal spending add up to 41% GDP yet taxes are no where near that. But, unlike say Japan at 42% GDP spending we don't get free healthcare etc.
Lol healthcare is far from being free in Japan.
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#6More accurately, Danes value their welfare state and high-equality society and are smart enough to accept that it has to be paid for. Therefore any campaign on cutting taxes immediately attracts the suspicion: what services are going to be cut?
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#7Not mentioned is that Denmark has the OECD's lowest inequality. Having visited a couple of times, it does feel like they're doing something right.
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#8More accurately, Danes value their welfare state and high-equality society and are smart enough to accept that it has to be paid for. Therefore any campaign on cutting taxes immediately attracts the suspicion: what services are going to be cut?
So are you saying its unreasonable for services to become less costly over time ?
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#9> Perhaps it's no coincidence then that their word for taxes, skat, also means “sweetheart”.
The word "skat" means treasure. That's why we also use it as a word for our sweethearts.
Re: Most Danish voters oppose government plans to cut the top rate of income tax
#10In other countries, taxes are complicated (no citation needed). There's income tax, but there are also social security payments, industry-specific taxes, etc. And you have to pay for your own education and healthcare!
Danish tax is simple and all inclusive. It is around 50%, which is about the same as in US if all hidden obligatory payments are taken into account. But it is all inclusive: all education and healthcare is free in Denmark, and social security grid is immense.
I am a pro-free-market person and Ayn Rand admirer. But even I think that Danish system is not that bad: you just pay 50% of your income to the government immediately, and they do not bother you until the next time. On the other hand, in the US, the IRS will pursuit you relentlessly, there are insane friction multipliers like healthcare insurance rising costs spiral, and everything is so complicated that only lawyers are happy about it.
Free markets only work if the government is separated from the economy. If they are entangled, you are getting the worst of both worlds.