Denmark

[Anonymous]

Minimal red tape, no minimum wage, low corporate income tax rates, two-tier semi-private healthcare, and the Fraser Institute loves 'em. Can you guess the country?

https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q">

[Anonymous]

Minimal red tape, no minimum wage, low corporate income tax rates, two-tier semi-private healthcare, and the Fraser Institute loves 'em. Can you guess the country?

https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q">

[Anonymous]

Bernie Sanders doesn't understand Denmark.

[Gaon]

Minimal red tape, no minimum wage, low corporate income tax rates, two-tier semi-private healthcare, and the Fraser Institute loves 'em. Can you guess the country?

https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q">

[Odinson]

I assume Denmark has no universal minimum wage...



We dont have it either..

[Anonymous]

I assume Denmark has no universal minimum wage...



We dont have it either..

That would shock many people in North America.

[Anonymous]

Minimal red tape, no minimum wage, low corporate income tax rates, two-tier semi-private healthcare, and the Fraser Institute loves 'em. Can you guess the country?

https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q">

[Bricktop]

"According to the International Monetary Fund, Denmark has the world's highest minimum wage.[119] As Denmark has no minimum wage legislation, the high wage floor has been attributed to the power of trade unions. For example, as the result of a collective bargaining agreement between the 3F trade union and the employers group Horesta, workers at McDonald's and other fast food chains make the equivalent of US$20 an hour, which is more than double what their counterparts earn in the United States, and have access to five weeks' paid vacation, parental leave and a pension plan.[120] Union density in 2015 was 68%."



What will a Big Mac cost then?



"Danes enjoy a high standard of living and the Danish economy is characterised by extensive government welfare provisions. Denmark has a corporate tax rate of 22% and a special time-limited tax regime for expatriates.[132] The Danish taxation system is broad based, with a 25% value-added tax, in addition to excise taxes, income taxes and other fees. The overall level of taxation (sum of all taxes, as a percentage of GDP) was 46% in 2017.[133] The tax structure of Denmark (the relative weight of different taxes) differs from the OECD average, as the Danish tax system in 2015 was characterized by substantially higher revenues from taxes on personal income and a lower proportion of revenues from taxes on corporate income and gains and property taxes than in OECD generally, whereas no revenues at all derive from social security contributions. The proportion deriving from payroll taxes, VAT, and other taxes on goods and services correspond to the OECD average"



No thanks.

[Anonymous]

"According to the International Monetary Fund, Denmark has the world's highest minimum wage.[119] As Denmark has no minimum wage legislation, the high wage floor has been attributed to the power of trade unions. For example, as the result of a collective bargaining agreement between the 3F trade union and the employers group Horesta, workers at McDonald's and other fast food chains make the equivalent of US$20 an hour, which is more than double what their counterparts earn in the United States, and have access to five weeks' paid vacation, parental leave and a pension plan.[120] Union density in 2015 was 68%."



What will a Big Mac cost then?



"Danes enjoy a high standard of living and the Danish economy is characterised by extensive government welfare provisions. Denmark has a corporate tax rate of 22% and a special time-limited tax regime for expatriates.[132] The Danish taxation system is broad based, with a 25% value-added tax, in addition to excise taxes, income taxes and other fees. The overall level of taxation (sum of all taxes, as a percentage of GDP) was 46% in 2017.[133] The tax structure of Denmark (the relative weight of different taxes) differs from the OECD average, as the Danish tax system in 2015 was characterized by substantially higher revenues from taxes on personal income and a lower proportion of revenues from taxes on corporate income and gains and property taxes than in OECD generally, whereas no revenues at all derive from social security contributions. The proportion deriving from payroll taxes, VAT, and other taxes on goods and services correspond to the OECD average"



No thanks.

The reason Scandinavian countries don't have a legislated minimum wage is that even entry level service jobs are unionized. However, they underpay skilled workers. Certain unionized journeymen in North America can earn more than they can in the Nordic countries. Norway could match us, but their cost of living is high even by Scandinavian standards.

[Bricktop]

All that glitters...

[Odinson]

The cost of living in Norway is not "high"...



Its ridiculously high..





You cant live there with our salaries.





But you can work there and live here.

[Odinson]

You dont want to live here..





This place is only tolerable because I was born here.

[Anonymous]

The cost of living in Norway is not "high"...



Its ridiculously high..





You cant live there with our salaries.





But you can work there and live here.

I was in Norway visiting my husband..



I know how expensive everything is there..



The living standards were not higher than Alberta at that time..



They would be now though.

[Bricktop]

How about quality of life....not the same as living standards.

[Anonymous]

How about quality of life....not the same as living standards.

My province, Alberta had the richest middle class in the world before our socialist provincial government and Justin Trudeau destroyed it..



We attracted young people from across the country who would come here take advantage of opportunities, prosper, raise families and enjoy a superb quality of life.