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Sweden Cuts Rates To -0.5%
#32

Sweden Cuts Rates To -0.5%

Quote: (02-21-2016 08:30 AM)Lechon Wrote:  

Quote: (02-12-2016 09:53 AM)It_is_my_time Wrote:  

For years liberals in the USA pointed to the "Scandinavian Model" as the best system in the world. For anyone with an ounce of economic knowledge, you could see the Scandinavian Model was a house of cards.

The Scandinavian Model worked because the people who were living there were Scandinavians: Hard working, altruistic, naive, conformous, confident in strangers. You could give a lot away in taxes because you knew you'd get it back. It was probably more of an expression of the people who lived there than a pre-requisite for success, a lot of systems would probably have done well.

Now with mass immigration from failed states, it's imploding. Noone wants to be the person who gives away and doesn't receive a lot back. So not only is immigration and immigrants a huge drain on the system directly, but it also affects the remaining people there, they're not as confident in the system and willing to bet that they'll get back what they put into it.

The elephant in the room you are ignoring, is the flaw with the Nordic System required that women work.

Once women started to work, they simply did not have enough kids to keep the giant govt. Ponzi scheme going. Without a growing population, there would not be enough future workers to tax to pay for all the govt. programs.

Combined with the fact the govt. will always be inefficient, but that is besides the big point.

Without enough kids being born, you have no choice but for immigration, and immigration has now been in effect long enough to see the drastic and dangerous results on their system.
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