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Thursday, December 06, 2007

The Shape of Things to Come for the United States?

This is a very interesting story from Denmark. Given our own national income taxes, among all the OTHER taxes that we pay in our nation, the decline of industry, can we possibly see a glimpse of our own future as a nation here?

High income taxes in Denmark worsen a labor shortage
By Carter Dougherty
Published: December 5, 2007

COPENHAGEN: As a self-employed software engineer, Thomas Sorensen broadcasts his qualifications to potential employers across Europe and the Middle East. But to the ones in his native Denmark, he is simply unavailable.

Settled in Frankfurt, where he handles computer security for a major Swiss corporation, Sorensen, 34, has no plans to return to the days of paying sky-high Danish taxes. Still, an unknowing headhunter does occasionally pass his name to Danish companies.

"When I get an e-mail from them, I either respond negatively but politely," Sorensen said. "Or I don't respond at all."

Born and trained at Denmark's expense, but working - and paying lower taxes - elsewhere in Europe, Sorensen is the stuff of nightmares for Danish companies and politicians searching for solutions to an increasingly desperate labor shortage.

People like Sorensen, and there are many, epitomize the challenges facing the small Nordic country, long viewed across Europe as an example of how to keep an economy thriving and a society equal.

Young Danes, often schooled abroad and inevitably fluent in English, are primed to quit Denmark for greener pastures. One reason is the income tax rate, which can reach 63 percent.

No one who works, no one with a rational thought process, wants to give away their incomes to the government or to anyone else. And yet Hillary Clinton wants to raise taxes in our country if she's elected?

Thoughts to consider.

Once and Always, an American Fighting Man