(cont'd from yesterday's post)
Denmark, like ten other countries, was invaded and defeated by Germany during World War II. But it made a "remarkable economic recovery after the war" according to the video by Dr. Otto Brons-Petersen.
"A highly productive work force and . . low taxes . . created a lot of wealth" during the 1950's and 1960's. At that point "the country's ruling elite [class] became preoccupied with wealth re-distribution."
That led to a "severe economic crisis. The national debt skyrocketed." Decades of changes followed in order to "straighten out this mess." There is still free education (though 20% of families opt for private schools) and free health care (for those who are happy with long waiting for services). Other entitlements are going away.
"Like every other wealthy welfare state, Denmark became wealthy BEFORE it created the welfare state."
"For the government to pay out such benefits, you need citizens to make enough money to pay the necessary taxes. And that's only possible through a free-market economy."
Denmark, like ten other countries, was invaded and defeated by Germany during World War II. But it made a "remarkable economic recovery after the war" according to the video by Dr. Otto Brons-Petersen.
"A highly productive work force and . . low taxes . . created a lot of wealth" during the 1950's and 1960's. At that point "the country's ruling elite [class] became preoccupied with wealth re-distribution."
That led to a "severe economic crisis. The national debt skyrocketed." Decades of changes followed in order to "straighten out this mess." There is still free education (though 20% of families opt for private schools) and free health care (for those who are happy with long waiting for services). Other entitlements are going away.
"Like every other wealthy welfare state, Denmark became wealthy BEFORE it created the welfare state."
"For the government to pay out such benefits, you need citizens to make enough money to pay the necessary taxes. And that's only possible through a free-market economy."
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