Why Norway is a BS Argument for Higher Taxes

(Before It's News)

by Simon Black
Sovereign Man

Ah, Norway. Government-loving statists love to hold this place up as a shining example that big government and high taxes are good. Free education. Free healthcare. “Happy” people.

Yes, Norway is certainly one of the wealthiest countries in the world on the basis of GDP per capita… and in a variety of international surveys, it also ranks as one of the ‘happiest’.

And yes, Norway is one of the most heavily taxed countries in the world with a total tax burden of roughly 45% of GDP– almost 4x Hong Kong and nearly twice the US.

VAT here is a whopping 25%. Personal income tax rates border 55%. Corporate profits tax ranges from 28% to as high as 78%. Norway even has a direct WEALTH TAX.

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