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Politics : View from the Center and Left
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To: JohnM who wrote (246487)3/4/2014 7:09:46 PM
From: Steve Lokness  Read Replies (1) of 543847
 
Are the safety nets so extreme at the other end of Krugmans chart?

Taking Norway - which I believe is one of the most generous of the Scandinavian countries - they do have some very generous social programs, but they come with strings attached. Their retirement age is 67 for instance. Their unemployment is only good for a year and it comes with strings attached. Where they do shine is in their health care/ After a person pays all of the first 2,000 Kroner the State picks up the rest. ..........But the thing is, they pay for theirs. I would think Krugman would be sputtering against the high rate of taxes in Norway.

And BTW, despite all this - the high taxes and restrictions on entitlements, Norway has become far richer than the US on a per capita basis. They have this higher standard of living despite high taxes.

Here is an interesting look at a comparison;
inc.com
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