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Why shouldn't we have it in the US? It would make this country much more prosperous. The Nordic Model is the best example of a mixed economy thus far. Why Americans oppose it? I have no idea.
Are you talking about the Nordic model pre-North Sea Oil?
The Norway SWF is $800 billion and the GDP is $500 billion. This is the equivalent of the US finding $27 trillion of oil!!
Don;t you think that if the US discovered such an new oil field would change things?
LOL.
The appropriate comparison is really for small countries with oil or other natural resources.
But the comparison to the US has no basis in the reality of a country as large and complex as the US.
That critique does not say that the changes in Norway have not been great.
Where would you place the offshore oil rigs like the ones Sweden relies on to finance their social state?
Quote:
Originally Posted by Sandpointian
Are you talking about the Nordic model pre-North Sea Oil?
The Norway SWF is $800 billion and the GDP is $500 billion. This is the equivalent of the US finding $27 trillion of oil!!
Don;t you think that if the US discovered such an new oil field would change things?
LOL.
The appropriate comparison is really for small countries with oil or other natural resources.
But the comparison to the US has no basis in the reality of a country as large and complex as the US.
That critique does not say that the changes in Norway have not been great.
S.
The US has lots of O&G due to technological advances, we have a glut presently. It just requires a better overall energy policy to exploit like Norway. But yes, we won't have the same proportion of natural resources to GDP or revenue like Norway.
However, it's silly to think we can't provide the same level of entitlements as Norway. We just need to raise and spend our money better.
Why shouldn't we have it in the US? It would make this country much more prosperous. The Nordic Model is the best example of a mixed economy thus far. Why Americans oppose it? I have no idea.
not sure if following the nortic model would be very smart at all
us debt to GDP ratio....currently about 100% (our national debt is equal to the gdp (ballpark figures))
norway 210% of its gdp
((((fyi on the other northern Europe countries: finland 215% of its gdp .. sweden 269% of its gdp ..denmark 308% of its gdp.....netherlands 369% of its gdp))))
denmark and norway have high costs of living, ultra high taxes..high crime, and a poverty problem too
denmark is one of the wealthiest countries and has a high poverty rate, especially among imigrents:
17.3% of all Danish children, almost 200,000 in total, were touched by poverty .....that's higher than the USA
hmm the nortic model:
small population...... 4.9 million....smaller than NYC
WHITE RICH population (norway is the second most wealthy country in the world)
22% of their GDP is from OIL EXPORTS
very LIMITED immigration......the usa has 20 million ILLEGAL immigrants and annual legal immigration of legal of about 1.5 million
very limited fast/fried food
norway has a MANDITORY MILITARY OBLIGATION (conscript) for 2 years for males....voluntary for females
another key factor:.....The state has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil and Aker Solutions), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DnB NOR), and telecommunication provider (Telenor). The government controls approximately 40% of the stock values at the Oslo Stock Exchange. Norway is a major shipping nation and has the world's 6th largest merchant fleet, with 1,412 Norwegian-owned merchant vessels. The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy.
other key factors:
1) They don't manage a world empire and the military it takes to hold it (like the USA does).
2) They don't constantly give their citizen's money away to other countries (like the USA does).
3) Their politician's don't bribe their citizen's into voting for them by promising stupid (and expensive) programs if elected (like the USA does).
4) They drill off-shore like there is no tomorrow (yet the "greens" never mention this) and they tax heavily on it.
5) Their citizen's pay 53 cents per dollar in taxes.
6) They operate on a balanced budget principle that BOTH DEMOCRATS & REPUBLICANS REFUSE TO EMPLOY!
they make their money through ....CAPITALISM
oh and they hhave been having a real tough time with the world wide recession too:
norway is having a lot of financial problems over the last 4 years.......even The Lillehammer factory which has produced the famous Norwegian cheese slicer is bankrupt..... the organizers of Norway's biggest summer music festival have declared bankruptcy for the second time in 3 years.......Sea Launch Company, LLC bankrupt........Absolute Poker owners are bankrupt .......in 2009 more than 140 Norwegian building companies have submitted applications for bankruptcy. It is on 30 % more, than the year before.
while norway was not hit as hard during this world recession..they did feel it
oh and, norway ... ABOLISHED their wealth tax
to sit there and compare or contrast Norway to the usa, would be like comparing apples to automobiles
Last edited by workingclasshero; 09-10-2014 at 02:35 AM..
Reason: added brackets
not sure if following the nortic model would be very smart at all
us debt to GDP ratio....currently about 100% (our national debt is equal to the gdp (ballpark figures))
norway 210% of its gdp
fyi on the other northern Europe countries: finland 215% of its gdp .. sweden 269% of its gdp ..denmark 308% of its gdp.....netherlands 369% of its gdp
denmark and norway have high costs of living, ultra high taxes..high crime, and a poverty problem too
denmark is one of the wealthiest countries and has a high poverty rate, especially among imigrents:
17.3% of all Danish children, almost 200,000 in total, were touched by poverty .....that's higher than the USA
hmm the nortic model:
small population...... 4.9 million....smaller than NYC
WHITE RICH population (norway is the second most wealthy country in the world)
22% of their GDP is from OIL EXPORTS
very LIMITED immigration......the usa has 20 million ILLEGAL immigrants and annual legal immigration of legal of about 1.5 million
very limited fast/fried food
norway has a MANDITORY MILITARY OBLIGATION (conscript) for 2 years for males....voluntary for females
another key factor:.....The state has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil and Aker Solutions), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DnB NOR), and telecommunication provider (Telenor). The government controls approximately 40% of the stock values at the Oslo Stock Exchange. Norway is a major shipping nation and has the world's 6th largest merchant fleet, with 1,412 Norwegian-owned merchant vessels. The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy.
other key factors:
1) They don't manage a world empire and the military it takes to hold it (like the USA does).
2) They don't constantly give their citizen's money away to other countries (like the USA does).
3) Their politician's don't bribe their citizen's into voting for them by promising stupid (and expensive) programs if elected (like the USA does).
4) They drill off-shore like there is no tomorrow (yet the "greens" never mention this) and they tax heavily on it.
5) Their citizen's pay 53 cents per dollar in taxes.
6) They operate on a balanced budget principle that BOTH DEMOCRATS & REPUBLICANS REFUSE TO EMPLOY!
they make their money through ....CAPITALISM
oh and they hhave been having a real tough time with the world wide recession too:
norway is having a lot of financial problems over the last 4 years.......even The Lillehammer factory which has produced the famous Norwegian cheese slicer is bankrupt..... the organizers of Norway's biggest summer music festival have declared bankruptcy for the second time in 3 years.......Sea Launch Company, LLC bankrupt........Absolute Poker owners are bankrupt .......in 2009 more than 140 Norwegian building companies have submitted applications for bankruptcy. It is on 30 % more, than the year before.
while norway was not hit as hard during this world recession..they did feel it
oh and, norway ... ABOLISHED their wealth tax
to sit there and compare or contrast Norway to the usa, would be like comparing apples to automobiles
But they still have "free" healthcare. That's where the argument begins and ends with lefties.
Hence, we are not homogenous, but Scandinavians are.
What do YOU think he means?
No they aren't. No first world country is homogenous at this point. Peep the birth rates.
Quote:
Originally Posted by knowledgeiskey
Yes, but it supports the fact that high tax rates aren't a detriment to growth or prosperity.
Quote:
Originally Posted by Katiana
I don't think they're as high in NYC and CA as they are in Scandinavia.
They aren't, but CA and NYC have some of the highest tax rates in the country. They also have #1 and #2 highest rates of private sector tech job creation.
(Tax rates don't affect migration)
Quote:
Originally Posted by stiffnecked
So why are so many companies leaving California and New York? Why are they moving to states that have lower tax rates?
not sure if following the nortic model would be very smart at all
us debt to GDP ratio....currently about 100% (our national debt is equal to the gdp (ballpark figures))
norway 210% of its gdp
((((fyi on the other northern Europe countries: finland 215% of its gdp .. sweden 269% of its gdp ..denmark 308% of its gdp.....netherlands 369% of its gdp))))
denmark and norway have high costs of living, ultra high taxes..high crime, and a poverty problem too
denmark is one of the wealthiest countries and has a high poverty rate, especially among imigrents:
17.3% of all Danish children, almost 200,000 in total, were touched by poverty .....that's higher than the USA
hmm the nortic model:
small population...... 4.9 million....smaller than NYC
WHITE RICH population (norway is the second most wealthy country in the world)
22% of their GDP is from OIL EXPORTS
very LIMITED immigration......the usa has 20 million ILLEGAL immigrants and annual legal immigration of legal of about 1.5 million
very limited fast/fried food
norway has a MANDITORY MILITARY OBLIGATION (conscript) for 2 years for males....voluntary for females
another key factor:.....The state has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil and Aker Solutions), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DnB NOR), and telecommunication provider (Telenor). The government controls approximately 40% of the stock values at the Oslo Stock Exchange. Norway is a major shipping nation and has the world's 6th largest merchant fleet, with 1,412 Norwegian-owned merchant vessels. The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy.
other key factors:
1) They don't manage a world empire and the military it takes to hold it (like the USA does).
2) They don't constantly give their citizen's money away to other countries (like the USA does).
3) Their politician's don't bribe their citizen's into voting for them by promising stupid (and expensive) programs if elected (like the USA does).
4) They drill off-shore like there is no tomorrow (yet the "greens" never mention this) and they tax heavily on it.
5) Their citizen's pay 53 cents per dollar in taxes.
6) They operate on a balanced budget principle that BOTH DEMOCRATS & REPUBLICANS REFUSE TO EMPLOY!
they make their money through ....CAPITALISM
oh and they hhave been having a real tough time with the world wide recession too:
norway is having a lot of financial problems over the last 4 years.......even The Lillehammer factory which has produced the famous Norwegian cheese slicer is bankrupt..... the organizers of Norway's biggest summer music festival have declared bankruptcy for the second time in 3 years.......Sea Launch Company, LLC bankrupt........Absolute Poker owners are bankrupt .......in 2009 more than 140 Norwegian building companies have submitted applications for bankruptcy. It is on 30 % more, than the year before.
while norway was not hit as hard during this world recession..they did feel it
oh and, norway ... ABOLISHED their wealth tax
to sit there and compare or contrast Norway to the usa, would be like comparing apples to automobiles
Looks like your well investigated post stopped these leftie goofballs in their tracks!
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