Posts Tagged ‘western europe’

How do countries like Sweden and Denmark provide so many social programs and carry so little debt?

Now I know most European countries like Greece, the UK, Belgium, Italy, Germany etc. are all about high taxes and spending money on programs that are very socialist in nature. This is fine if everyone in the country is down for it, and will pay for it, but the thing is most people don’t want to pay for it and so a lot of these countries have debt loads that are like more than 100% of their GDP sometimes in the 2s and 3s depending on the metric, or their bankrupt apparently (i.e. Greece). Those big spending european socialist countries are all like way up there compared to the rest of the world in debt, they make the U.S. look pretty efficient spenders in fact. I don’t think countries like Sweeden or Denmark are any different from the rest of western Europe as far as socialist spending priorities are concerned, but they seem to carry a far lower debt load, lower than the United States in fact. How do they do it? Is it because they spend basically nothing on defense (because who the hell is going to attack Sweden? The Pittsburgh Penguins?) Have they figured out a way to get people to pay for socialist programs that put a disincentive on them to make enough money to fork over the money necessary to do that? Do people just make a lot of money there anyway, and there aren’t as many poor people leeching off the system in comparison? Really, what are the Scandinavians doing that the rest of the world can learn? I’m not dissing socialism here, this is an honest question, because they might be on to something.

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