Living in Denmark
Despite tough talk by Ms. Thorning-Schmidt and her predecessor about the need to get Denmark’s financial house in order, the country’s welfare and benefits systems remain among the world’s most generous. Government spending accounts for about half of gross domestic product and few Danes complain about a top income tax rate of about 50 percent that finances unemployment, pensions, health care and other benefits. The constitution even guarantees Danes the right to work and to receive public assistance if they stumble. [Read more…]
