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Good for you. I hope you like the government taking almost all of your money and controlling your life. If that makes you happy, then you should move there. Consider this;
• Danes making over $75,000 are hit with 57% payroll taxes.
• On top of that, their sales tax rate is 25% and is not deductible.
• Then their car sales tax rate is 180%, which makes cars out of reach except for the wealthy. That’s why they have one of the lowest car ownership rates in the world.
• And members of the government church pay an additional 1.5% income tax.
So, if you make $75,000 per year, the governments take $42,750 ($43,875 if you are a church member) before you get your money. Then every time you buy a $600 iPhone, you pay the government an additional $150. And when you buy that new Toyota Camry for $25,000, you have to pay the government an additional $45,000 in taxes which makes your new Camry cost $70,000.
And then, to make life even more miserable, Denmark has the highest ratio of household debt to net disposable income in the world at 315%. This compares to the USA at 114%.
We know household savings is bad in the USA at positive 5%, but it’s golden compared to Denmark at negative 6.28%.
Now let’s compare household net worth. The USA is the highest in the OECD at $142,500 as compare to Denmark at $58,116.
Move there? No thanks. Denmark would be one of the last places I would move.
Its all relative. They are a small nation. Their standard of living is higher than ours. Their incomes are higher than most Americans. Although their taxes are higher, Americans pay more in the end. Americans pay tax on medicare, SS, medicaid, VA, and indian health. They also pay high premiums on for-profit health insurance, high deductibles, high copays on top of all those other taxes that most Americans will never use for one reason or another. We go bankrupt at 1000% higher than the Danes. As far as cars are concerned, the op is correct, cars are expensive to own, but their mass transit is much better than most areas of the States.
I visited Copenhagen for a couple days, many years ago. Even though it was the end of May, it was still pretty cold. (by NE Ohio standards)
Couldn't you have used a better example of a car that would become unaffordable? If I wanted the luxury of owning a car there, I certainly wouldn't aspire to own a Camry.
Its all relative. They are a small nation. Their standard of living is higher than ours. Their incomes are higher than most Americans. Although their taxes are higher, Americans pay more in the end. Americans pay tax on medicare, SS, medicaid, VA, and indian health. They also pay high premiums on for-profit health insurance, high deductibles, high copays on top of all those other taxes that most Americans will never use for one reason or another. We go bankrupt at 1000% higher than the Danes. As far as cars are concerned, the op is correct, cars are expensive to own, but their mass transit is much better than most areas of the States.
No, I don't want to move there. Too cold.
Yes and they probably have less corruption.
Europeans also do not care about living in 4000 sq ft mcmansions and utilize a well structured public transportation system so they do not need as many cars there.
That's because they can't afford to go out of their apartment and get a suntan.
Go to Denmark (I've been twice). Lovely country, lovely people, and you won't see the 'horrors' you are prattling on about. The last time we visited it happened to be the weekend when students were graduating from high school: their tradition is that said students wear sailor's caps, in recognition of their seafaring history. It was a lot of fun to see the students having fun.
In Copenhagen, visit the Tivoli Gardens, where Walt Disney (while visiting with his wife and Art Linkletter and his wife), was inspired to build Disneyland.
“Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.” Mark Twain.
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