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China got better off of all of us. But look at the restrictions on all Chinese. Privacy, does not exist. Freedom of speech? Even property rights or rights to a business. You can be a big CEO and say the wrong thing about the party and you will find yourself in a jail cell. They do have more prosperity but Xi is trying to wind back the clock and probably will re nationalize everything. Lots of fear in China over what that means. And look at their covid response. Makes even places like New Zealand look good on dealing with covid. I think China's covid policies are just to remind people there that the government has absolute power. There is no way at this point that the government believes all these lockdowns they are still doing are really necessary.
Destroyed to me is Cuba or Venezuela. Capitalism being totally replaced by socialism. That is what Mark Levin was predicting what will happen.
Are people better off than 50 years ago? It depends on what you measure and who you are. If you are black you would probably say yes. If you are gay yes. If you are a woman yes. White guys like myself. That is a big draw of MAGA. Bringing it back like it used to be.
We are talking about nations being destroyed.
If anything, China has been built from whole cloth during this time frame. They have become a financial and military super power with a much larger middle class than before they got "most favored trade stuts"
Absolutely, China benefitted during the same timeframe that the US and the EU have suffered declines. There is no debating it.
That's an exaggeration. The marginal tax rate is progressive the Scandinavian countries.
Total income tax in Norway (before deductions):
100k NOK or $10k: 8%
200k NOK or $20k: 13.6%
300k NOK or $30k: 18.5%
500k NOK or $50k: 24.7%
800k NOK or $80k: 30%
1 MNOK or $100k: 32.8%
2 MNOK or $200k: 39.6%
5 MNOK or $500k: 44.3%
10 MNOK or $1M: 45.8%
50 MNOK or $5M: 47.1%
The property tax is very low in Norway. If you own a $1M home in Oslo (very common) you are going to pay a maximum of $900.
In Sweden, $0-$45k pays am average of 32% in local income taxes. Everyone over $45k pays another 20% to the national government. The VAT is 25% and paid by everyone. Corporations have a lower income tax rate than in the US. I don't know about property taxes
In Sweden, $0-$45k pays am average of 32% in local income taxes. Everyone over $45k pays another 20% to the national government. The VAT is 25% and paid by everyone. Corporations have a lower income tax rate than in the US. I' don't know about property taxes
Norway also actively develops their oil and gas fields. The left in the US wants to shut down the oil and gas industry.
Don't worry about it. Most of the right-wingers on this forum have never even left the country, yet somehow they are experts on what life is like in Canada or Europe.
One gets that a lot. I've seen a lot of it targeting Australia and New Zealand. By the lefties.
I suspect they do that because they think Australia and New Zealand are still free countries, run by the right. They think the the draconian measures during the covid scare was driven by the right wing. In fact, those were examples of left wing draconianism.
Canada IS destroyed. Have you not been paying attention to the landslide erosion of their personal freedoms?
This is getting to be hilarious. I don't see anyone's personal freedoms being destroyed up here.
You know what I DO see today? A country that is a lot more patriotic and respectful to its veterans than the USA. Everyone starts wearing a poppy a week or two before, and everyone stops whatever they are doing at 11 a.m. for two minutes of silence. The CBC covers the formal government services in Ottawa. Canadians are taught from childhood that this is a day to remember those who served and sacrificed their lives. They call it Remembrance Day instead of Veterans Day, but it's based on the same thing.
I had a WWII Disabled Veteran father, lost his legs below the knee. He was always involved in the VFW and American Legion, and we always attended the local Veteran's Day ceremonies. Not many people came, because to most of you, Veteran's Day is for SALES at your local Walmart or wherever you spend your money. You only see a few people wearing poppies.
Seven years ago on this day I was in London. (My FB pics reminded me.) Same thing. Signs up to get your poppies, support the troops and the veterans even in the Underground. Huge memorials of flowers laid out around Westminster Abbey designated for different branches and divisions of their armed forces. Reminders everywhere that freedom came to us through sacrifice.
Good on those in the USA who do remember and who do observe this day, but sadly, I believe that in my home country, they are the minority instead of remembrance being part of the national consciousness as it so obviously is here in Canada.
That's an exaggeration. The marginal tax rate is progressive the Scandinavian countries.
Total income tax in Norway (before deductions):
100k NOK or $10k: 8%
200k NOK or $20k: 13.6%
300k NOK or $30k: 18.5%
500k NOK or $50k: 24.7%
800k NOK or $80k: 30%
1 MNOK or $100k: 32.8%
2 MNOK or $200k: 39.6%
5 MNOK or $500k: 44.3%
10 MNOK or $1M: 45.8%
50 MNOK or $5M: 47.1%
The property tax is very low in Norway. If you own a $1M home in Oslo (very common) you are going to pay a maximum of $900.
Quote:
Originally Posted by albert648
Norway also actively develops their oil and gas fields. The left in the US wants to shut down the oil and gas industry.
Yes, Norway is a Petro state. American leftists would go nuts with that type of government.
Looking at Bernie Sanders darling of Denmark, municipal income taxes are flat and average 25%. Flat 8% labor tax on everyone. National share tax is 27% up to about $8k. Above $8k is taxed at 42%. The national tax is 12% on income below $77k, it's 15% on everything above that. VAT is 25% and paid by all. Corporate income tax is 22% vs. 21% in the US.
In Sweden, $0-$45k pays am average of 32% in local income taxes. Everyone over $45k pays another 20% to the national government. The VAT is 25% and paid by everyone. Corporations have a lower income tax rate than in the US. I don't know about property taxes
Total income tax in Sweden (before deductions):
20k SEK or $1.9k: 0.7%
50k SEK or $4.8k: 18.2%
100k SEK or $9.6k: 21.5%
300k SEK or $28.8k: 21.5%
500k SEK or 48k: 29.6%
800k SEK or $76.8k: 37%
1 MSEK or $96k: 39.6%
VAT rates:
25% - standard
12% - food and non-alcoholic beverages, restaurants, hotels, etc.
6% - domestic transport, books (incl. e-books)
0% - prescription drugs
The standard coporate tax rate in Sweden is 20.6%.
Total income tax in Sweden (before deductions):
20k SEK or $1.9k: 0.7%
50k SEK or $4.8k: 18.2%
100k SEK or $9.6k: 21.5%
300k SEK or $28.8k: 21.5%
500k SEK or 48k: 29.6%
800k SEK or $76.8k: 37%
1 MSEK or $96k: 39.6%
VAT rates:
25% - standard
12% - food and non-alcoholic beverages, restaurants, hotels, etc.
6% - domestic transport, books (incl. e-books)
0% - prescription drugs
The standard coporate tax rate in Sweden is 20.6%.
The income tax rates you cite are wrong, but the VAT and sales taxes are correct as is the corporate tax rate which is less than the US corporate rate.
The income tax rates you cite are wrong, but the VAT and sales taxes are correct as is the corporate tax rate which is less than the US corporate rate.
Capital Gains Tax on real estate sales in the US can effectively be deferred in perpetuity, and if the property is a primary residence, the first $250k is not taxable.
I've come to understand just how important and invaluable American military experience and readiness is. The umbrella of that protection has been an ever present bulwark for the convenience of the developed world. While you do have certain other countries like the British who have a decent enough military, it's generally been the Americans who have been at the vanguard of some major expedition that required martial effectiveness since the end of the second world war.
Of course other components that have allowed Europe in particular to enjoy its high standard of living and benefits has been the advantage of cheap energy getting imported from a certain country. I understand that much of the continent is in turmoil, particularly the EU's central pillar, Germany.
The United States doesn't engage in tripartism or industrial regionalist bargaining. You have too much disunity and a pioneer like mindset to really allow for the European systems to work here, at least in theory.
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