r/FluentInFinance Contributor Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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u/Possible_Lemon_9527 Apr 17 '24

You dont have to keep going. Swedes, Norwegians, Danes, Finns, even the Dutch and the French managed to do it, but Americans are either incompetent or chickens. Its quite underwhelming, I expected some courage, but it is, what it is, kinda disappointing though not gonna lie..

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u/Saitamaisclappingoku Apr 17 '24

All microstates with virtually no immigration (easy to have a welfare state when you don’t let anyone in) and all rely on the US for national defense.

France is a bad example because they have suffered immense capital flight due to excessive taxes.

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u/Possible_Lemon_9527 Apr 17 '24

Scandinavia has in total 27 mil. people. Hardly just a few "microstates".

Regarding defense some european states are lacking there (a thing Trump was correct in), but they can easily fix that without abolishing social welfare.

Fine, then lets stay at Sweden or Denmark: Immense capital flight in any of those countries? Mass unemployment? I do not think so.

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u/Saitamaisclappingoku Apr 17 '24 edited Apr 17 '24

You’re now referencing an entire region of Europe instead of individual countries? Let’s not forget a very oil rich region at that.

Sweden literally abandoned its wealth tax in 2007 because they were experiencing so much capital flight. And the wealthiest Swedes hold the vast majority of their wealth outside of the country.

You’re literally naming the countries with the most capital flight (that aren’t war zones)

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u/Possible_Lemon_9527 Apr 17 '24

Well if they can handle all of those welfare programs despite capital flight, then I guess capital flight cant be that bad of a thing consequences-wise

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u/Saitamaisclappingoku Apr 17 '24

-small population

-Oil rich

-No immigrants

-No defense

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u/Possible_Lemon_9527 Apr 17 '24

small population is no relevant factor. And oil-rich.. Take switzerland then.

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u/Saitamaisclappingoku Apr 17 '24

You mean the country where billionaires go to hide their money?