So someone posted an article (http://www.sovereignman.com/expat/why-norway-is-a-bs-argument-for-higher-taxes-8235/) on faceblag about how Norway with it’s awesome track record and no national debt was a bad thing. Then bitched that taxing companies more is bad and that Australia just needs sell off all it’s publicly owned assets and become a privatised f*!k you hell hole (well maybe not in those exact words, they just pissed me off with their stupid comments).
This was my reply
Yes Norway does have a high tax rate but you do get a lot for it. There are medical benefits, Maternity/Paternity Leave, Pension Benefits, Free education (yes University education as well) and a higher standard of living just to name a few.
The article you have posted is filled with rubbish. Just stating something doesn’t make it true, for example “Norway has created a system that makes it virtually impossible to pull ahead of your peers financially. People are excused for not working hard and squandering the opportunities they could have grabbed.” I say [Citation Needed]
and statements like
“Because of this, Norwegians have limited after-tax discretionary spending cash.” Is just total and utter crap. Wages and Salary are good, the average household net-adjusted disposable income per capita is $32,093 USD a year [http://www.oecdbetterlifeindex.org/countries/norway/]
The one thing that I agree with is “The Norwegian tax system is based on the principle that everybody should pay tax according to their means and receive services according to their needs.”
So Norway is winning,
it has a low unemployment rate 3.7% one of the world’s lowest [http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate]
it is a country full of smart people, (ranked 7th in the word) [http://en.wikipedia.org/wiki/Education_Index]
it has a great health system
It is a country that looks after you when you retire
Pays you well
Live longer than most people in the world [average age of 81.9 ranked 15th] [http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy]
So if I want to be miserable, stupid, poor and die young I’ll take his advice, and while I’m at it I’ll just buy some of the snake oil products that author Simon Black international investor and entrepreneur is peddling.