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I think too many Americans misunderstand Nordic countries like Denmark,Sweden and Norway. Yes these countries practice socialism to varying degrees(like the U.S) but it's an over simplification of these countries for Americans to view them as "Socialist countries".
Here's what some at the Cato Institute have said:
Quote:
Notwithstanding problems associated with a large welfare state, there is much to applaud in Nordic nations. They have open markets, low levels of regulation, strong property rights, stable currencies, and many other policies associated with growth and prosperity. Indeed, Nordic nations generally rank among the world’s most market-oriented nations.
But Sweden has many characteristics that don't fit into the socialist stereotype.
For example, Sweden is one of the world's most market-oriented countries, and has nationalized few companies. Production is run by the private sector, and the bank system is the second-most efficient in the world, according to a 2008 survey by the World Economic Forum. Sweden is also a fervent free-trade champion, which partly explains how companies like Volvo, IKEA and H&M have been able to grow into leading multinationals...
I think too many Americans misunderstand Nordic countries like Denmark,Sweden and Norway. Yes these countries practice socialism to varying degrees(like the U.S) but it's an over simplification of these countries for Americans to view them as "Socialist countries".
Here's what some at the Cato Institute have said:
I fully support you moving there. We'll pass here in America. Enjoy.
But Sweden has many characteristics that don't fit into the socialist stereotype.
For example, Sweden is one of the world's most market-oriented countries, and has nationalized few companies. Production is run by the private sector, and the bank system is the second-most efficient in the world, according to a 2008 survey by the World Economic Forum. Sweden is also a fervent free-trade champion, which partly explains how companies like Volvo, IKEA and H&M have been able to grow into leading multinationals...
Sweden also has no FATCA law, unlike the US, so rich Swedes can and do hide money in foreign accounts to avoid paying taxes. Perhaps the most famous example of that is IKEA's founder, multi-billionaire Ingvar Kamprad. Also, because the Swedish rich and rich business owners can and do avoid taxes...
The other Scandinavian and European countries have no FATCA laws, either, and tax avoidance by the rich and rich business owners is a BIG business in Europe.
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(set 26 days ago)
Location: Pine Grove,AL
29,568 posts, read 16,556,695 times
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Quote:
Originally Posted by whogo
The problem is when our liberals say we should be more like Sweden they never mention lowering corporate taxes.
We do mention that, the problem is you guys want to keep the loopholes once you realize the actually amount these companies would pay goes up with no loopholes.
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