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RE: Happy 4th!! But Are You FREE REALLY?
Nice post. The US have even more ridiculous laws and regulations than socialistic Norway where I live.
Nice post. The US have even more ridiculous laws and regulations than socialistic Norway where I live.
Is Norway too bad? I hate socialistic countries, but I heard that people are really rich there. Thank you for answer.
Norway has a tax burden on it's citizens between 70% and up to 90% in some cases. That's when you include sugar tax, VAT, alcohol tax, electricity tax, gazolin tax, road fees (that don't go to the funding of more roads), and so on.
Despite this, we are a relatively wealthy nation. There is numerous reasons for this, but oil, good work ethics culture heritage and a history of relatively free economy might be the most important. Even if the taxes are high, Norway is regarded as having a free economy relative to other nations in the world.
The welfare system has really grown out of porpotions, and if we look at the capital, Oslo, as an example, we can see that we are now under 50% of the inhabbitants acctually working. And of the working people, there is a lot of government employees, not counting as work in my eyes (relative to value creation).
It certainly looks like Rome before it fell.