05 September 2011

Marxist triumph.

Did you know that in Denmark, the poorest 30% pay 14.1% of all taxes and the richest pay 48.7% -- while in the United States, the poorest 30% pay just 6.1 % of all taxes and the richest 30% pay a whopping 65.3%? The surprising thing is not that the richest pay most of the taxes but that the U.S. has nearly the most progressive tax system in the world, while the Scandinavian countries have about the least progressive tax systems, contrary to commonly held belief.
"Taxation, Social Security And Economic Growth." By Richard Rahn, Brussels Journal, 8/31/11.on Wed, 2011-08-3

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