Quote:
Originally Posted by Bryan G
Ya Norway is in terrible shape........
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"Scandinavian countries have certain socialist characteristics such as high taxes and extensive welfare systems. However, these countries have relatively capitalistic markets. Scandinavian businesses are mostly free from regulation, nationalization and protectionism."
Note the "mostly free from regulation" part. That makes a HUGE difference to businesses when the govt. isn't tying their hands.
I would also be have to assume that the wealthiest people & corporations in Norway are just like the wealthiest people all over the world. And though the tax rate may be high...they NEVER pay that much.
Just like in the U.S. back in the day when the tax rate was super high...nobody ever actually paid that rate.
Only an idiot wouldn't be smart enough to hire great accountants and find a way to preserve their wealth. And I would hazard a guess that the super rich in Norway are not idiots.
Since you and I aren't anywhere close to breathing that rarefied air...you probably didn't consider that.