You can innovate and have social programs. Look at the riots happening in the UK, if those people had social programs which weren’t gutted or made inefficient by their hostile government then their communities wouldn’t be getting shafted by poverty or health issues and blaming it on immigrants
FYI, I am yet to have anyone give me a reasonable justification for why CEO pay is multimillion or billions. No one person or CEO is providing that much value to society, and in fact from what we’ve seen concentrating that much wealth into a few places just ends up creating a mess
I’m not saying you cannot have both. I’m saying that US and Nordic countries are like on opposing poles of economical systems spectrum. And in my opinion the better options are somewhere in the middle.
Yeah, CEO salaries are often outrageous. Wealth taxes should be implemented to curb that, and not just high bracket income taxes.
That’s what I love Lemmy for - a new perspective (and down votes, of course). Thanks for the link, it’s an interesting read. I also looked up details on their taxation system and it’s not that crazy, especially on business side. If someone wants it, here is the link to the article which compares Nordic countries tax system to US: https://taxfoundation.org/blog/scandinavian-social-programs-taxes-2023/
It seems that my opinion about lack of innovation was caused by me not knowing or hearing about big names of Nordic companies. No Scandinavian Apples or Googles around.
But as much as I enjoyed this conversation, I feel we have ventured way too far from Tim Walz…
You can innovate and have social programs. Look at the riots happening in the UK, if those people had social programs which weren’t gutted or made inefficient by their hostile government then their communities wouldn’t be getting shafted by poverty or health issues and blaming it on immigrants
FYI, I am yet to have anyone give me a reasonable justification for why CEO pay is multimillion or billions. No one person or CEO is providing that much value to society, and in fact from what we’ve seen concentrating that much wealth into a few places just ends up creating a mess
I’m not saying you cannot have both. I’m saying that US and Nordic countries are like on opposing poles of economical systems spectrum. And in my opinion the better options are somewhere in the middle.
Yeah, CEO salaries are often outrageous. Wealth taxes should be implemented to curb that, and not just high bracket income taxes.
Hmmm, not really? It seems the Nordics are exactly the middle sweet spot of globalization and social welfare
I am not the only one saying this though, https://www.weforum.org/agenda/2020/01/the-new-nordic-model/
It would be nice if you can elaborate what you mean?
That’s what I love Lemmy for - a new perspective (and down votes, of course). Thanks for the link, it’s an interesting read. I also looked up details on their taxation system and it’s not that crazy, especially on business side. If someone wants it, here is the link to the article which compares Nordic countries tax system to US: https://taxfoundation.org/blog/scandinavian-social-programs-taxes-2023/
It seems that my opinion about lack of innovation was caused by me not knowing or hearing about big names of Nordic companies. No Scandinavian Apples or Googles around.
But as much as I enjoyed this conversation, I feel we have ventured way too far from Tim Walz…