Wednesday, June 27, 2012
...who keep talking about the "Scandinavian" economies:
Sweden has no minimum wage, no inheritance tax, low corporate taxes, and a less progressive income tax system. It also boasts a much smaller regulatory state than the US.
Sweden isn't a socialist utopia. It's significantly closer to a capitalist utopia. Even with a public healthcare system.
I bring this up because people always point to the Scandinavian economies as proof that socialism works - but are they just picking and choosing what they're calling capitalism and what they're calling socialism based on what is doing well and what policy they're discussing right this moment?
Sweden, Finland, Denmark, Chile, Canada, Switzerland, New Zealand, and Australia are all in the top twenty five most capitalist countries in the world, as ranked by Heritage, a libertarian thinktank.
Canada, Switzerland, New Zealand, and Australia are ranked -higher- than the US.
So, for those of you who see these countries as role models - are you willing to copy all their programs? Would you copy Sweden and eliminate minimum wage and the inheritance tax, and reduce corporate taxes and flatten the progressive tax rate to tax the rich less and the poor more, in exchange for a healthcare program and free education? What about their immigration policies?
Are you sure they prove that socialist programs work and won't bankrupt a country? Or are you ignoring the programs they haven't implemented, ignoring that they've opted for fewer regulations in order to offset the costs of their social programs?