Friday, July 27, 2018

Scandinavia, Socialism, Capitalism, and Taxes

1. The only two questions to ask when discussing an economic or taxation program are: 

1) Do the taxes or fees generate sufficiently positive returns for all taxpayers and residents relative to the tax or fee?; and 

2) Are the programs created or maintained as a result of the tax or fee sustainable over time when accounting for all expenses, both short-term (e.g. salaries) and long-term (e.g., pensions)? 

In short, what is the benefit relative to the tax, and is it sustainable? 

2. Here's a relevant link re: Sweden's pension reform: 

3. "The key to Sweden's success is that it slashed taxes, greatly reduced its public sector, and underwent a massive privatization program in the 1990s." -- Michael Booth, The Almost Nearly Perfect People (2014) 
4. Increasing funding for a program doesn't always improve the program because much of the new funding may go to existing obligations, not new employees or new improvements. More here: 

5. Full video here discussing issues more in depth: 

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