Nordic Countries Aren't Socialist (companies, economic, Chicago, money)

[Motion]

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:

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.

Nordic nations also have implemented some pro-market reforms. Every Nordic nation has a lower corporate tax rate than the United States...

What Can the United States Learn from the Nordic Model? | Cato Institute

[Motion]

Here's what Sweden is actually like.

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...

'Stockholm Syndrome': Why is the U.S. Afraid of Sweden? - ABC News

[Speleothem]

We aren't "afraid" of Sweden; we're afraid of becoming Sweden.

[Mircea]

Originally Posted by Motion

I think too many Americans misunderstand Nordic countries like Denmark,Sweden and Norway.

Yes, you do misunderstand.

GDP Comparisons:

Norway: $499,667,000
City of Los Angeles: $765,759,000

Denmark: $314,889,000
City of Boston: $336,232,000

Sweden: $523,804,000
City of Chicago: $571,000,000

Finland: $247,389,000
City of Atlanta: $294,589,000

[Hyperthetic]

Originally Posted by Motion

Here's what Sweden is actually like.

The SAAB car was murdered.

[whogo]

The problem is when our liberals say we should be more like Sweden they never mention lowering corporate taxes.

[finalmove]

Originally Posted by Motion

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.

[InformedConsent]

Originally Posted by Motion

Here's what Sweden is actually like.

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...

Sweden's billionaires: They have more per capita than the United States.

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.

The "Who's Who" of European Tax Havens

[rotodome]

Norway has a tiny population and is sitting on top of tremendous oil reserves from which they sock the profits in a national trust.

[dsjj251]

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.