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
Quote from: "seoulbro"
https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q
I remember Bernie Sanders was accused of not really understanding Denmark in the 2016 Democratic primaries.
Bernie Sanders doesn't understand Denmark.
Quote from: "seoulbro"
https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q
Israel's top tax rate is 47%.
I assume Denmark has no universal minimum wage...
We dont have it either..
Quote from: "Odinson"
We dont have it either..
That would shock many people in North America.
Quote from: "Gaon"
Quote from: "seoulbro"
https://www.youtube.com/watch?v=tzEPKrHalaY&fbclid=IwAR2e0NJRw7LPzbsJSYapjGSp3wRiVWVjsttA3rJTkfNoZm0BT1_BQkyIq3Q
Israel's top tax rate is 47%.
When you combine federal and provincial income tax, the top marginal rate is my province is 53%. And that does not include sales taxes, sin taxes, property tax, payroll taxes and Trudeau's carbon tax. I maintain that Canada is one of the highest taxed nations in the world when all three levels of government and all taxes are taken into consideration. It's confiscation.
"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.
Quote from: "Bricktop"
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.
All that glitters...
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.
You dont want to live here..
This place is only tolerable because I was born here.
Quote from: "Odinson"
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.
How about quality of life....not the same as living standards.
Quote from: "Bricktop"
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.
And that, my dear, is exactly WHY that petty Communist eliminated it.
Quote from: "Bricktop"
Seoul posted about the electoral outcomes and he says that Justin Trudeau will remain as prime minister even if he doesn't win the most seats..
That is depressing.
Quote from: "Odinson"
Its ridiculously high..
You cant live there with our salaries.
But you can work there and live here.
The city of Tel Aviv is one of the ten most expensive cities in the world and the wages are lower than Canada and Norway.
Quote from: "Gaon"
Quote from: "Odinson"
Its ridiculously high..
You cant live there with our salaries.
But you can work there and live here.
The city of Tel Aviv is one of the ten most expensive cities in the world and the wages are lower than Canada and Norway.
I remember reading one of the major issues in your recent election in Israel that didn't get much attention was the rising cost of living.
Quote from: "Gaon"
Quote from: "Odinson"
Its ridiculously high..
You cant live there with our salaries.
But you can work there and live here.
The city of Tel Aviv is one of the ten most expensive cities in the world and the wages are lower than Canada and Norway.
Its not just rents and apartment prices that are high in Norway..
Everything costs more..
Double or triple to our prices..
Quote from: "Odinson"
Quote from: "Gaon"
Quote from: "Odinson"
Its ridiculously high..
You cant live there with our salaries.
But you can work there and live here.
The city of Tel Aviv is one of the ten most expensive cities in the world and the wages are lower than Canada and Norway.
Its not just rents and apartment prices that are high in Norway..
Everything costs more..
Double or triple to our prices..
That is true.
When calculating GDP on a PPP( purchasing power parity) basis, Norway ranks eleventh in the world. The US is 19th, Australia is 29th, Denmark 31st, and Canada is 34th.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html