12.15.2019

A company's and country's most important component is the customer

The difference between a company and a country is that the company must provide a product or service. A country must have tax paying citizens. The company's service/product is voluntary while the tax is mandatory.

One of the countries in Scandinavia, Sweden, has the highest income tax in the world. To top it all they also have a very high VAT and various excise taxes on alcohol, tobacco etc. All these taxes contribute to a hugely generous welfare system. Unfortunately, it has emerged that this system is being greatly abused.

The fact that the state has no control over the system causes many taxpaying citizens to leave the country. The state gets into difficulties when the taxpaying citizens wonder what they get for the money.

No comments:

Post a Comment

Why can't it just work?

We are still missing the dividends as of December 31, 2024 regarding BlackRock TCP Capital Corp. Common Shares (TCPC) in our endowment insur...