Showing posts with label Scandinavia. Show all posts
Showing posts with label Scandinavia. Show all posts

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: http://www2.ilo.org/public//english/protection/socfas/publ/discus/swedish.pdf 

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: https://bit.ly/2LF6tgx 

5. Full video here discussing issues more in depth: https://youtu.be/sMlCn66_yFo