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Facts and data inside: how scandinavia pays for their healthcare
Posted on 2/7/17 at 10:26 pm
Posted on 2/7/17 at 10:26 pm
The next time bernie or another lemming says the middle class would not need to contribute anything for it to work:
You are reading that chart correctly: if you make 1.5 times the national average income, which is as middle class as you can be, you are paying a 57% marginal tax rate. 57%
A VAT tax is a sales tax on steriods.
BTW, when it comes to specifically targeting the rich, bernie's utopias don't do it much more than we do.
The fact of the matter is that bernie sanders is smoking dope when he says he can provide healthcare to everyone at no point of delivery cost solely on the backs of "the rich".
No european country pays for healthcare that way.
quote:
However, the rates are not necessarily the most important feature of the Scandinavian income tax systems. In fact, the United States’ top marginal income tax rate is higher than Norway’s and only 18 percent lower than Sweden’s, yet raises 40 percent less income and payroll tax revenue than Norway and 50 percent less than Sweden.
Scandinavian income taxes raise a lot of revenue because they are actually rather flat. In other words, they tax most people at these high rates, not just high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. From the American perspective, this means that all income over $60,000 (1.2 times the average income of about $50,000 in the United States) would be taxed at 60 percent.
Sweden and Norway have similarly flat income tax systems. Sweden’s top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway’s top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income
You are reading that chart correctly: if you make 1.5 times the national average income, which is as middle class as you can be, you are paying a 57% marginal tax rate. 57%
quote:
In addition to the high payroll and income taxes, all Scandinavian countries collect a significant amount of revenue from Value-added taxes (VATs). Value-added taxes are equivalent to sales taxes, but levied on businesses throughout the production process. As a tax on consumption, VATs are economically efficient: they can raise significant revenue with relatively less harm to the economy. However, many (especially in the United States) see VATs as a regressive tax because they fall more on those that spend a larger share of their income, mainly the poor.
Denmark collects about 9.6 percent of GDP through the VAT, Norway collects about 7.8 percent, and Sweden collections about 9 percent of GDP. All three countries have VAT rates of 25 percent. The United States does not have a national sales tax or VAT. Instead, states levy sales taxes. The average rate across the country is about 7 percent. The much lower rate only collects about 2 percent of U.S. GDP in revenue.
A VAT tax is a sales tax on steriods.
BTW, when it comes to specifically targeting the rich, bernie's utopias don't do it much more than we do.
quote:
Finally, it is worth noting that the only Scandinavian country with an estate or inheritance tax is Denmark.
quote:
A lot of the spending-side programs in Scandinavian countries cost a lot. Taxes would definitely need to be increased in the United States if it were to adopt them. If the U.S. were to raise taxes in a way that mirrors Scandinavian countries, taxes—especially on the middle-class—would increase through a new VAT and high payroll and income taxes. Business and capital taxes wouldn’t necessarily increase, in fact, the marginal corporate income tax rate would decline significantly.
It isn’t a mistake that taxes in Scandinavian countries are structured this way. In order to raise a significant amount of revenue, the tax base has to be broad. This means higher taxes on consumption through the VAT and higher taxes on middle-income taxpayers through high payroll taxes. Business taxes are a less reliable source of revenue (unless your country is situated on top of oil). Thus, Scandinavian countries do not place above-average tax burdens on capital income and focus taxation on labor and consumption.
The fact of the matter is that bernie sanders is smoking dope when he says he can provide healthcare to everyone at no point of delivery cost solely on the backs of "the rich".
No european country pays for healthcare that way.
Posted on 2/7/17 at 10:28 pm to HailHailtoMichigan!
I always get a chuckle when this Socialist crowd points to Scandinavia as their shining example. So much fail in that comparison.
Posted on 2/7/17 at 10:29 pm to HailHailtoMichigan!
This is the fundamental flaw in comparing "per captita" payments. There are a lot of people in the US that pay nothing. And a lot of people that pay A LOT. Most of the places we see compared have a far flatter payment distribution.
Posted on 2/7/17 at 10:31 pm to HailHailtoMichigan!
Ultimately, most don't want true shared expense of healthcare across the population.
What they want is the ability to stick their neighbors' with their bills.
What they want is the ability to stick their neighbors' with their bills.
Posted on 2/7/17 at 10:32 pm to Taxing Authority
quote:rocket31
What they want is the ability to stick their neighbors' with their bills.
Posted on 2/7/17 at 10:32 pm to HailHailtoMichigan!
That's fricking criminal.
Posted on 2/7/17 at 10:32 pm to HailHailtoMichigan!
yeeesh...no wonder they live in small flats with cheap particle board furniture
Posted on 2/7/17 at 10:33 pm to HailHailtoMichigan!
It can be explained even more easily than that. When the rich are diagnosed with cancer in the US, do they fly to Scandinavia? How about Sweden? Canada? No. But people sure as hell fly from all over the damned globe to have access to our doctors. There's a reason. You take away the incentive, and you will lose the doctors. Actually, we already are.
This post was edited on 2/7/17 at 10:35 pm
Posted on 2/7/17 at 10:36 pm to HailHailtoMichigan!
quote:
What they want is the ability to stick their neighbors' with their bills.
quote:
rocket31 and EVERY other liberal
Posted on 2/7/17 at 10:38 pm to TrebleHook
quote:Hey, 300sf and $18 beer is good enough for anyone!
yeeesh...no wonder they live in small flats with cheap particle board furniture
Posted on 2/7/17 at 10:39 pm to Blob Fish
How many Scandanavians have you seen in the oncologist's office? Their healthcare is excellent.
Posted on 2/7/17 at 11:00 pm to DuncanIdaho
Are you implying that they don't get cancer or that the US doesn't provide the best medical and surgical oncology treatments in the world? Becuause they do, and we do. You should pick up The Lancet Oncology sometime and read...
Posted on 2/7/17 at 11:02 pm to HailHailtoMichigan!
Any taxation over half of your income is modern day sharecropping.
frick that shite.
frick that shite.
Posted on 2/7/17 at 11:09 pm to HailHailtoMichigan!
quote:
A VAT tax is a sales tax on steriods.
BTW, when it comes to specifically targeting the rich, bernie's utopias don't do it much more than we do.
It's an interesting economic question, though.
If the lower-classes are utilizing public utilities - transport and health, for example - isn't it fair that they are disproportionately effected by a VAT, which is ultimately regressive?
Posted on 2/8/17 at 3:47 am to HailHailtoMichigan!
Pay higher taxes but don't have to pay additional money toward Healthcare, daycare, etc.
I wonder if it would even out.
Daycare at $1k plus a month, health insurance at about the same for many families...
I wonder if it would even out.
Daycare at $1k plus a month, health insurance at about the same for many families...
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