Quote:
Originally Posted by Canadianman
Do you believe any of that?
They both have better and cheaper health care than the US.
They both have robust public services.
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Yes, they do. But look at the tax regimes of Sweden and Denmark, and then get back to me.
Income taxes are actually much flatter than in the U.S. In the U.S., the top marginal tax rate of 47 per cent kicks in at 8.5 times the average income. In Denmark, the top marginal tax rate of 60 per cent kicks in at only 1.2 times the average income. Huge difference.
Sweden and Denmark have VATs of 25 per cent. Average sales tax in the U.S. is 7 per cent.
If a country wants Scandinavian quality and breadth of public services, it will need to impose Scandinavian levels of taxation. I don't see what's controversial or difficult to understand about that.
https://www.oecd.org/tax/revenue-statistics-sweden.pdf
https://taxfoundation.org/how-scandi...ment-spending/