Why A Country Makes Cuts to Welfare Programs

Support our flag. Get the bumper sticker. CLICK HERE

One of the most-taxed societies in the world is now making cuts to its income taxes.

Denmark’s Prime Minister Lars Lokke Rasmussen said people should not be burdened by the country’s taxes and that he believes the best way to decrease the country’s budget deficit is to do away with its “social” nature.

“We want to promote a society in which it is easier to support yourself and your family before you hand over a large share of your income to fund the costs of society,” Rasmussen wrote, as reported by Bloomberg.

Since last year, Denmark has planned to cut the top bracket of income taxes by 5 percentage points and increase the salaries of the lowest paid workers by an average of 7 percent.

Related News: Savings From Aid to Illegals Would Pay for Border Wall

Denmark’s government wants to put more people in the workforce, Bloomberg reports, because it believes higher revenues and lower spending will ultimately fund the new tax cuts.

One of the plans to reach this goal includes increasing the retirement age and encouraging more students to join the workforce faster by offering more student loans as opposed to grants.

“The government has engaged in an ideological crusade away from the Nordic welfare state,” said Benny Engelbrecht, finance spokesman for the Social Democrats.

As the country’s largest opposition party, the Social Democrats are not happy about changing Denmark’s “social” status.

H/T: Bloomberg

JOIN THE MOVEMENT to SAVE THE NATIONAL ANTHEM
Please join the thousands of DML readers who have purchased a bumper sticker. CLICK HERE.

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend