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Aug 29

Hope for Denmark: Danes Seeking to Throw Off Government Shackles

Throughout the 1600s, 1700s, and 1800s the people of Denmark were the most capitalistic on earth. Their merchants sailed the seas and transacted in goods throughout Europe and the rest of the world.

The people of Denmark (and Scandanavia generally) became the richest on earth. That foundation of wealth sustained them throughout the 1900s. But over time, the Danes began to tolerate the stink and stain of more government central planning.

Today, the once-free Danes suffer under some of the highest tax rates in the western world. Economic growth rates have plummeted to almost nothing.

But Bloomberg News reports that the Danes are recently demanding their freedoms back. See here.

In response to the Danes’ demands, “Denmark’s government proposed a broad range of tax cuts that will hit all income groups, make it cheaper to save toward retirement and reduce levies on cars.”

Finance Minister Kristian Jensen said “We’re increasing the gains associated with working, we’re making it more attractive to work more and we’re ensuring that it’s more worthwhile to save up toward retirement.”