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<blockquote data-quote="FrigidFTSup" data-source="post: 1855638" data-attributes="member: 58894"><p>I'm going to have fun with that link.</p><p></p><p>And no, the banks didn't screw Greece. Their insane debt and pensions did. </p><p></p><p>China. China's wealth doesn't come from most of the country. It comes from special economic zones. They're essentially capitalism free for alls. That is where all the electronics are. Not to mention they are running towards capitalism, not distancing themselves from it. </p><p></p><p>Denmark. Workers rights? Forget about it. They have no minimum wage. A vat tax which is 25% (you know who gets hurt the most by a value added tax? The poor, not the rich). Overall tax rate is 46%. No thanks. Workers can also be hired and fired on a whim. The dream huh?</p><p></p><p>Finland. An overwhelmingly services based economy. The only thing they produce is wood, now that Nokia has taken a dump. Income tax is 46%, VAT tax (you know that one that hits the poor again) is 24%. Tax burden accounts for 43% of GDP. We like to point to high taxes in Canada. Their tax burden to GDP is 33%.</p><p></p><p>Netherlands. Overwhelmingly transportation based economy. They are in the business of moving shipping containers in and out. If someone is in that they are involved in overseas investments. Aka they are the evil rich people Bernie likes to rail against.</p><p></p><p>Canada. It's a damn oil field. Easily to pay the bills when you're exporting a ton of energy. Something which is illegal in the United States. 50% tax rate. Sounds enticing. Who cares how much the union negotiates for you if half of it is going to Joe Schmo who wants to play Xbox all day.</p><p></p><p>Sweden. It sits on an oil field. It's tax burden is 47%, with a VAT tax of 25%. Lets boost the price of everything 19% overnight. 53% of the population works for the government. That sounds sustainable. </p><p></p><p>Norway. Norway is special. They don't just sit on an oil field. They own their oil company. The government owns 30% of all shares of stock in the country. If the world economy went into a recession tomorrow they'd be screwed. That's confidence building. Oh and yet another high tax rate at 47%. Almost double the average US tax burden. VAT tax at 25%</p><p></p><p>Ireland. Ireland is a funny situation. A lot of companies organize in Ireland because the effective tax rate for corporations is 0%. They depend on foreign investment heavily. The government's inability to govern has lead to high interest rates for the citizens and a higher cost of living. They also have an 11% unemployment rate. But at least they're socialists. That way those rich greedy bastards can pay for those who don't have jobs.</p><p></p><p>New Zealand. This one I like. Because New Zealand is facing what's known as a "brain drain" which essentially means people are leaving for better prospects. Glad socialism is working well for them.</p><p></p><p>And last but certainly not least, Belgium. Belgium's debt is equivalent to 98% of it's GDP. Another responsible socialist government. </p><p></p><p>That was fun. Thank you.</p></blockquote><p></p>
[QUOTE="FrigidFTSup, post: 1855638, member: 58894"] I'm going to have fun with that link. And no, the banks didn't screw Greece. Their insane debt and pensions did. China. China's wealth doesn't come from most of the country. It comes from special economic zones. They're essentially capitalism free for alls. That is where all the electronics are. Not to mention they are running towards capitalism, not distancing themselves from it. Denmark. Workers rights? Forget about it. They have no minimum wage. A vat tax which is 25% (you know who gets hurt the most by a value added tax? The poor, not the rich). Overall tax rate is 46%. No thanks. Workers can also be hired and fired on a whim. The dream huh? Finland. An overwhelmingly services based economy. The only thing they produce is wood, now that Nokia has taken a dump. Income tax is 46%, VAT tax (you know that one that hits the poor again) is 24%. Tax burden accounts for 43% of GDP. We like to point to high taxes in Canada. Their tax burden to GDP is 33%. Netherlands. Overwhelmingly transportation based economy. They are in the business of moving shipping containers in and out. If someone is in that they are involved in overseas investments. Aka they are the evil rich people Bernie likes to rail against. Canada. It's a damn oil field. Easily to pay the bills when you're exporting a ton of energy. Something which is illegal in the United States. 50% tax rate. Sounds enticing. Who cares how much the union negotiates for you if half of it is going to Joe Schmo who wants to play Xbox all day. Sweden. It sits on an oil field. It's tax burden is 47%, with a VAT tax of 25%. Lets boost the price of everything 19% overnight. 53% of the population works for the government. That sounds sustainable. Norway. Norway is special. They don't just sit on an oil field. They own their oil company. The government owns 30% of all shares of stock in the country. If the world economy went into a recession tomorrow they'd be screwed. That's confidence building. Oh and yet another high tax rate at 47%. Almost double the average US tax burden. VAT tax at 25% Ireland. Ireland is a funny situation. A lot of companies organize in Ireland because the effective tax rate for corporations is 0%. They depend on foreign investment heavily. The government's inability to govern has lead to high interest rates for the citizens and a higher cost of living. They also have an 11% unemployment rate. But at least they're socialists. That way those rich greedy bastards can pay for those who don't have jobs. New Zealand. This one I like. Because New Zealand is facing what's known as a "brain drain" which essentially means people are leaving for better prospects. Glad socialism is working well for them. And last but certainly not least, Belgium. Belgium's debt is equivalent to 98% of it's GDP. Another responsible socialist government. That was fun. Thank you. [/QUOTE]
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