Wednesday, December 26, 2007

High Taxes Drive Talent Away From Denmark

Interesting article in the New York Times about how Denmark's high taxes drive away talent from the country, a factor contributing to the fact that Denmark's growth rate is the lowest in Europe. The 3.5% rate for 2006 they refer to was the result of a temporary cyclical peak caused by Denmark's housing bubble. The fact that this bubble has started to burst is of course the second reason for Denmark's underperformance.


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