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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (5293)9/20/1999 1:23:00 PM
From: Bernard Levy  Read Replies (1) of 12823
 
**OT** Hi Mike:

There are major differences between the French brand
of socialism and the Scandinavian version. The French
brand includes a 35 hours work week, crushing payroll
taxes, and unbelievably high VAT and fuel taxes. The
state still owns companies representing a very
large part of the overall economy.Paradoxically,
income taxes are not too high, primarily because
cheating is widespread. So, the French brand of
socialism is really a job killer, but it is not
particularly effective at redistributing income.

Scandinavian countries on the other hand intervene
much less in the real economy, but have phenomenally
high income tax rates. So, the Scandinavian brand of
socialism does much less harm to the real economy,
but it has a strong income redistribution effect.
Statistics on incme inquality by country show that
the Netherlands and Scandinavian countries are the
most equal in the world, while the US is quite unequal.
However, raher amazingly, France is also doing poorly
with respect to income equality statistics. In
other words, it is more of a statist and bureaucratic
economy than a true socialist one.

Best regards,

Bernard Levy
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