He is so wrong on a lot of things. Plus he’s using COVID-19 as an excuse for his needed Medicare-For-All. Some of the things he said has decided I would never vote for him.
* Taking away profit-sharing from pharma....doesn’t he realize profit-sharing goes to EMPLOYEES?
* Anyone who earns $29,000 or less will not pay extra taxes...doesn’t he realize they don’t pay now?
* Medicare-For-All will cost $50T over 10 years according to the number crunchers. No way that can happen!
* He stopped bragging about Fidel’s literacy program but bragged about Finland’s taxes, free healthcare and free tuition. I look it up. These are the taxes Finland pays:
—VAT tax- gemeral; 24%. 14% foodstiffs, restaurant services, catering services and animal feed- 10% books, pharmaceutical products, services creating opportunities for physical exercise, passenger transportation;
—Earned Income Tax is graduated from $16,700 to $25,000 at 6.5%, up to $72,000 and above 31.75%;
—Annual Income Tax-depends on the net salary, employee unemployment payment, and employer unemployment payment. The tax rate is progressively fast at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually rearches 67%;
—Social Security - 2.12% on gross income; pension and unemployment insurance fees depend on the age of the employee and the size of the employer, they are usually 18.3% and 3.2% of gross income.
—Divident/capital gains - dividend tax rate is 25.5% - 28.9%, capital income is taxed at a fixed rate of 30% or 34% for income that exceeds 30,000 euro.
—Corporate tax - 20%; capital income is taxed at a fixed rate of 30% or 34% for income that exceeds 30,000 euro.
—Property tax 0.32$-0.75% for regular live-in property; 0.50%-0.75% on summer homes, cabins, other lesiure property;
—if you sell your property it’ costs you 4% in transfer fee
—Pension fees - 23%.The pension and unemployment insurance fees depend on the age of the employee and the size of the employer, they are usually 18.3% and 3.2% of gross income, respectively.
—Church tax-1% to 2%-Yes every member of every church must pay
I knew Biden was going to be the winner, because they wouldn’t go after him on Ukraine.
That’s some detailed info you’ve provided on Finland.
Did you notice (or could you refer me to) info on what percentage of the Finnish economy runs through the government?
That’s a good condensed measure.
In the US, you’d add up Federal Expenditures (24%, I think), State (8 or so), and local (2 - 3), plus private sector expenditures the government forces on companies through mandates.
Some years ago, my economist brother in law and I came up with a figure in the mid-40’s for the US, and closer to 60 for much of Europe.
Not that I WOULD ever vote for him, I meant in Operation Chaos.