Yet another mindless canard re ‘Denmark’, this one offered by MIT economist Daron Acemoglu: That the U.S. was less innovative during the postwar decades, because of, y’know, those high tax rates on high incomes.
The sophisticated safety net that ensures few Danes ever experience poverty, fear hunger or lack in health care does not come cheap. The Danish economy may be the most heavily taxed in the world, with rich Danes paying over 55 percent of their total income in taxes to support generous social services. Even if high […]