So What is Wrong With the Nordic Model of Economics?

I always hear conservatives saying stuff like "time after time socialism is shown to be unstable and lead to failure" but a number of Nordic countries have been following such a plan for a long time and are not only doing well, they are doing a lot better than more traditional capitalist countries.

So yes, they have high taxes.
But they also make some of the best wages in the world and have the best quality of life, along with some of the smallest levels of inequality.

So I will ask this as bluntly as I can, would you really not considering paying 45-50% income tax if it meant the absolute minimalization of inequality and social problems? (of course there are still problems in these countries but they are statistically less)

And if not, why? Greed? Idealism?
Explain.

 

I wouldnt mind a 50% tax rate if i made 25% more money (being single sucks for taxes). Other than that IDGAF about other peoples social problems.

 

The response I usually get is that it works in those countries because they don't have lots of blacks and Mexicans bringing down the system.

 

"Homogeneous"

 

I don't see anything wrong with that system. It seems to work for them.

Most tax dollars in the US go to the military though don't they? You could pay more taxes and they'd sink it into the abyss.

 

Not most, but a lot certainly do. And yeah, paying more here most likely wouldnt have any noticeable effect other than lowering my paycheck.

 

Different culture, too many people etc etc.

 

Nope, they have North-Africans in a similar situation.

 

Small, stable, in a safe neighborhood and can off-load defense, mostly homogeneous, oil-exporting countries can afford a lot of non-optimal spending.

 

We aren't socialist regimes. We're just a different compromise between socialism and capitalism than you guys. Further to the left of course.

 

Nothing is wrong with it in those countries but the US is too big and too diverse and our role in the world is far different from those places. It would stifle too many people.

 

Our system allows for more in pocket under the table behind the back pass dealing. It's not clean or correct but it works seems to be the mentality of this generation. :icon_lol: If they ran it that way we wouldn't have billionaires ruling the roost.

 

You get that...

But you also get "It's not sustainable! They're all on the verge of economic collapse!"

 

Unsustainable throughout Europe but the oil exporting Nordic countries are a bit different than the rest of Europe are they not? The gulf states are quite rich as well. Want to know why?

Spoiler

that's right: oil

 

Ding ding ding. This is correct. Just like the US is not completely capitalistic, European countries are not totally socialist. Both are what are known as mixed economies.

 

i was going to say something like that too

 

That only applies to Norway.

 

Not jewish enough.

 

Only Norway has oil.

Sweden, Finland, Denmark, Iceland, etc. do not.

 

Taxes and that people can act irresponsible and be lazy garbage and still survive even better than those who works.

Otherwise it works great.