Native of Scandinavia Debunks Myth of Nordic Countries as Socialist
26th July 2019
Apparently they’re just high-tax-and-spend.
According to a Tax Foundation report, “Scandinavian income taxes raise a lot of revenue because they are actually rather flat. In other words, they tax most people at these high rates, not just high-income taxpayers.”
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“The bottom line: Copy the Nordic model if you like, but understand that it entails a lot of capitalism and pro-business policies, a lot of taxation on middle-class spending and wages, minimal reliance on corporate taxation, and plenty of co-pays and deductibles in its health care system,” the J.P Morgan report adds.