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Active Debate: European Nations Moving Away From Socialism


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European Nations Moving Away From Socialism

Mar 4

As most Socialist countries fail, and European countries back-away from progressive models - why is the U.S. moving towards more Socialism? From The Week: "Let's start with taxes. The top income tax rate in most Scandinavian countries is now somewhere around 50 percent, not upwards of 70 percent as it used to be. Most interestingly, Sweden, Great Britain, and other countries have cut their capital gains rate.  Although European countries typically have high levels of regulation, the trend has been to reduce regulation. Denmark is famous for having one of the least regulated labor markets in Europe."