ginger wrote:
Check Denmark. All socialist and works great. Lots of happy people. Flat tax rate of 50%. For that: child care, medical, college, nursing home, and a couple other things like if you lose your job, you continue to get paid until you find another job.
It was on Oprah five years ago.
Denmark is one of the very few countries that have not bought massive amounts of US Treasury bonds as global reserve currency holding in their banks. Their exposure to the volatility of the US Dollar is minimal. To say they are a prime example-- their debt to GDP, while better in comparison to other EU countries, still is dubious.