May 2, 2016

Do Americans Prefer Denmark?

[From article]
Writing in New York magazine, Jonathan Chait asks "if we want to be like Denmark, whom do we tax?"
[. . .]
We'll start with real per capita GDP. It is 22% higher in the U.S., meaning that being like Denmark would involve giving up a substantial portion of the average individual national wealth. That doesn't seem wise.
Denmark's real per capita GDP is lower now than it was in 2004. A decade of darkness. Make that a decade-and-a-half. Since 2000, its real per capita GDP has increased -- in total -- only 2.6%. As anemic as the American growth rate is, it is fivefold faster than Denmark's.
Denmark has a far higher rate of assault than the U.S. (i.e., the Danes are very violent) and its violent crime rate is headed through the roof.
Americans also score much better in terms of self-reported health. So much for that socialized medicine advantage.
[. . .]

The U.S. wins by a long shot on housing, income, and health, and it's a tie on jobs -- all the objectively measurable points that matter.
And to achieve this victory, the all-in average personal income tax rates at average wage in the U.S. are upwards of half the rate the Danes are suffering under.
Want to pay much more to be much poorer? Move to Denmark.

May 2, 2016
Why would the U.S. want to be like Denmark?
By Sierra Rayne

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