A look into a world controlled by Democrats – Denmark

This story doesn’t need much commentary, the headline says it all:

High income taxes in Denmark worsen a labor shortage

There is a lot in the article worth reading, but this sums it up pretty well:

The Organization for Economic Cooperation and Development, which is based in Paris, projects that Denmark’s growth rate will fall to an annual rate of slightly more than 1 percent for the five years beginning in 2009, reflecting a dwindling supply of a vital input for any economy: labor.

The problem, employers and economists believe, has a lot to do with the 63 percent marginal tax rate paid by top earners in Denmark – a level that hits anyone making more than 360,000 Danish kroner, or about $70,000.

While Denmark has low unemployment now, it seems people in Denmark want to keep more of what they earn, so they’re leaving the country for places that allow them to do just that.

Now think of what the Democrats are proposing, taxing earners to give even more benefits and services to others.  How long do you think earners in this country, those that fuel our economy by employing people, will stick around if Democrats succeed in their attempts to skew our system even further against them?

Think Michigan – everywhere.


6 Responses to “A look into a world controlled by Democrats – Denmark”

  1. 1 Hmmm
    December 6, 2007 at 11:03 am

    So, what you’re saying is, a country with high taxes has an economy growing fast enough to cause a labor shortage? And, as far as people leaving the country, accord to the CIA World Factbook, Denmark as a net migration rate of 2.5/1000, higher than Britian and actually closing in on the United States. Hmmm…

    And don’t forget, the US – which easily has the lowest tax rates in the industrialized world – has been routinely going through labor shortages in IT, nursing, engineering, and other fields for decades now. DECADES.

  2. 2 Hambone
    December 6, 2007 at 11:06 am

    These Scandinavian countries have “low unemployment” in large part because of creative accounting. For one thing, an inordinately high number of people there have been on sick- or disability-leave for more than a year, collecting well over half of the value of their previous paychecks from the government.

  3. 3 Hambone
    December 6, 2007 at 11:12 am

    Hmmm, US labor shortages in technical fields have more to do with our immigration and education policies; we don’t produce enough of these technicians and we don’t let nearly enough skilled labor into this country. It’s also worth looking into the Danish ‘flexicurity’ labor system, whereby most people will be shipped around from job to job, spending only short amounts of time in each position…I think many people would get tired of that after a while.

  4. 4 firstfriday
    December 6, 2007 at 11:30 am

    There’s a labor shortage because people are fleeing.

    And the US doesn’t have anywhere close to the lowest tax rate in the world. You are grossly misinformed.

  5. 5 firstfriday
    December 6, 2007 at 11:37 am

    People are fleeing the tax system, in case you missed the point, which is causing the labor shortage.

    And the US isn’t anywhere close to the lowest taxed country. Don’t know where you got your information from but you are misinformed.

  6. 6 Hmmm
    December 6, 2007 at 11:58 am

    “industrialized world”, not world. As in, the US, Canada, western Europe, and Japan. Well, maybe Japan’s is lower, but they’re insane over there.

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