Guys, how can you know so little about the world! The world is great and it does not end at the American border. There is plenty to learn out there. Best regards from The Netherlands.
"Guys, how can you know so little about the world!" Guys, how can you know so little about the world?* Answer: They are American's, they know very little about the world outside their own country.
@@OriginalPuro America doesn't give a shit about other countries. America is like the popular kid in high school that everyone else wants to be, but they're too small or insignificant.
Norway is a liberal social democratic monarchy. That you even compare that to socialism , wich by definition is a republic, just shows how different our worlds are 😅
But anything left of Biden, who would be in a right leaving party in most European countries, are communist. Haha. Don't take them too seriously. Just dumb Americans being dumb.
@@berntmariustromsdal9215 Open a book and read the definition of socialism. Socialism = planned economy, state ownership of everything, heavily regulated social structures and no individual liberty. Norway= liberal economy, low level of state Investment in critical services and strong individual liberty. A welfare system and social security net is not a socialist idea, and the Norwegian welfare system is widely different than a socialist welfare system. The Norwegian welfare system is based in our monarchy and is something we can trace back to the feudal system, centuries before socialism was a thing.
Desperate to pin the whole “socialism is bad” on countries that have socialist tendencies. That’s why he kept begging to find taxes over 50% to scare people at home into thinking losing half your paycheck is horrible but completely forget about all the benefits you get from jf
Americans finaly researching the taxes we really pay in "socialist" countries in Europe while having "free" education, healthcare, etc. and realizing they pay more in some places in America while having none of that.
What is most interesting is that Norwegians get back 84% of everything we have paid in taxes. A US citizen gets only 19%. That's the most important thing. Norway has 5.4 million inhabitants - no government debt but a 9-year budget in reserve of $ 1.3 trillion. www.nbim.no
@@MiamiManiac Yee. I think soo. We dont have big incometaxes because its incl. age-pensionsaving. The tak is 9% for incom like $12000 and 33.3% for $125000. But first you deduct expenses for income - also all interest on loans and credits - from the balance you pay tax.
Dude has no clue how much the top 10% get away with doing in this country where they’d be taxed like crazy in any European country. And he still wants to act like that’s good and they shouldn’t be paying that much give me a fucking break
Those of us who do don't spend as much time online as the morons. We have a life to live. There are many things I love about my country but many things we can learn from others. We are on a treadmill over here. It's time to go to a culture that is more family friendly.
This is cringeworthy to watch. Figure something out before you go on air. Start with figuring out the difference between communism, socialism and Social democrazies.
Correct. We have great social security for national economic reasons. We do not have people living on the sidewalk or people begging for food - We give them the opportunity to apply for new jobs instead of sending them to the basement
This might be the winner of intellectually lazy videos so far this year. So much wrong in such a short time - "president of Norway", "nicer version of China" and many others. Your viewers should be sceptical about the information they get from your channel, judging by this video.
//// This ep. were an eyopner for me. As a Scandinavian (norway, Sweden, Denmark, Iceland (yes, they are seperate country’s)). I hear the panel has done very little to give an informed comentery on Norway (in this case). Now I will be VERY sceptical going forward listening to topics witch I don’t know a lot about....people do your owne research. Use You tubers to get into new subjects, nothing more nothing less. (Yes, my English could be better. Scandinavians learn 3 or 4, cant master them all, sorry.)
This comment was an eyeopener for me. Because it is easy to think they are as knowledgeable as they are confident. Also, in Norway, isnt it like you have to pay 50 percent taxes on any job you take that isnt your main job? Or am I just misunderstanding?
When are ppl going to pick up a dictionary or history books and ACTUALLY get the definition of socialism? "Scandinavia" is not socialism. It's like saying Europe is the most productive country in the world, or USA is the biggest country in the world. You can't dismiss or believe something because it feels right or wrong. JFC
I don’t know how Patrick keeps on mindlessly parrots “America is still the greatest country in the world” it’s a general I feel good to be American platitude he throws around without deeper examination. I’m American and have moved to Oslo- let me tell you- for the average person the quality of life here is much better than the United States.
Well, the US is good for the ruling class, not so much for everyone else. That's why the wealthiest people in the US always talk about how great it is, and they convince poor people that they can one day win the lottery and be rich. That delusion is what keeps the poor believing in the American dream while they are being robbed blind by the rich. Meanwhile the US is a paradise for billionaires and business owners who have unlimited potential to hoard wealth, influence government, evade taxes, pay poverty wages, etc.
Just to be clear, the oil money from Norway went into an investment fund thats returns pay for Norweigians healthcare and education etc. Sound investment making returns to the people x
Not true. All of the 254 billion norwegian kroner used from the oil fund last year went to pay the 264 billion nok bill from imigration (official numbers -real numbers are most likely higher). Norwegians pay their own way and more. Still our hospitals and schools are among the worst in the western world. Don't believe official statistics.
@@TheNordicnighthawk wrong wrong and wrong. The oilfund had a return of 1070 billion nok in 2020. The state budget gave 17,2 billion to immigration in 2017 so i doubt your 254 billion figure for 2020 is even close to reality. I have experience from hospitals in Sweden, Norway, Ireland and Hungary. Out of these countries Norway is willing to spend to most per patient and pays for better but more expensive medications and procedures. Yet norway still has a way to go. The international student assessment results for norway arent amazing, but still consistantly top 20 in the world.
@@staole638 I think you are conflating the return from the oil fund with the means allowed according to the 4% consensus rule. Please read comment on Finansavisens Kjell Erik Eilertsen estimate: www.document.no/2018/11/12/koster-innvandringen-250-milliarder-i-aret/ regarding hospitals and health budgets: Throwing money at a poorly run system does not mean that it has anything good to show for. It is like buing booze to an alcoholic and claim that you have helped him with his dependency.
They’re desperate to say socialism is so bad everything has to be connected to China or Venezuela so they don’t lose the people who start questioning why we are “the richest country in the world” but have so many people barely making it by
Stunns me that one of you guys dont know the difference between Norway and Sweden. It's two different countries. Sweden is also an EU country, Norway isn't.
"A socialist contry has to has 50%+ taxation" gimme a break... Just because a country has programs that take care of the people, doesn't make it oppressive or communist (which is the subtext almost always). I'd say go check the place out for yourself but uhm, yeah.
@@gullfeber Our hospitals in Norway are among the 15 best in the world?? If that is true, it's quite scary. I know first hand that swedish hospitals are much better than norwegian. Spain are better too as far as I have seen. Norway has a systemic problem. The hospitals are ridden with administrators that are busy building their own career and fight each other. In addition to that are norwegian doctors quite poorly trained although they receive 5,5 years of education. If you need a doctor in Norway you will soon realize that east european doctors working here are more qualified.
@@TheRexTera I will gladly pay our gas prices, and get free hospital bills if i'm in a car crash. What happens for an american if they are immobilized in a car crash, and has to stay a week in the hospital? Does that equal my tax for the last year? last 10? 20? What third world country bankrupts a person for being in an accident? How the fuck do you pay 10k for giving birth? Where is the logic in that? And for tax. I pay 35%, and have done for 20 years. I will easily pay that for someone else getting a free week in the hospital for an accident. No question.
@@thanossnap4170 We also pay for their defense. Someone has to be the global military super power and I personally don't want it to be China. Also I imagine norwegians trust their government to correctly allocate funds to these social programs. With the way American politics are I don't trust the government to allocate tax funds in a way that benefits us, I'd rather just pay for my own shit. CA for example has insanely high taxes and people in california don't get shit for it, it just goes into the pockets of corrupt politicians and Unions. I'm not opposed to Norway like policies, infact I'm all for a STATE trying them, just never the federal government.
Yes since their citizens are taxed to hell, they live in a country which has population size smaller than every US state, they are energy independent since the state runs their giant oil industry, they are socially and racially homogeneous, amd they are protected by the US so they don’t fund a military
@@gageczajkowski7755 What do you mean "taxed to hell"? I'm genuinaly curious. I pay 35% tax ish. And i'm happy to pay it. If something happens to me, everything from the hospital is free. They could do a 24 hour operation on me, and i would be billed 0,-. No charge. Nothing. And if it happens to my neighbour, i would gladly pay that tax for him to recieve the same care.
I know taxes are high in many European countries but at least the citizens/legal residents get thier taxes worth in services. Here in America we pay taxes and get crumbs.
What is most interesting is that Norwegians get back 84% of everything we have paid in taxes. A US citizen gets only 19%. That's the most important thing. Norway has 5.4 million inhabitants - no government debt but a 9-year budget in reserve of $ 1.3 trillion. www.nbim.no
Well in Germany we pay in taxes for our government retirement Insurance plans. Guess what. Each year we get less and less retirement funds. In Germany you can‘t live on the retirement funds that you get except if you are government employee. Same case with “free” education. People all over the world pay the high tuition fees and go to US but not that many people want to take advantage of “free” education in Germany.
@@Tinfoilhat2023 In Norway, we have several social security funds for old-age benefits. The main fund is of course www.nbim.no which now has approximately Euro 1.1 Trillion. I understand well that not many people study in Germany - It is probably due to the fact that the language is not a world language. The same applies in Norway. We have many international students - but they go to schools that are often very advanced and the teaching is in English.
I’m so tired that Pat is calling Norway a socialist country or a socialist state with a capitalist market, guys just do the proper research, Norway is the definition of capitalism, and its been like that for years, i suggest you guys go ahead and study what capitalism and socialism is, btw big fan of the show and Pat, just don’t misinform people pleeeease! We already have the main media doing that for us. Much love!
@@JohnSmith-ef2sx Because the US is not a democrycy but a cleptocracy. On the outer shell they look different. But inside they are just too large to be ruled any differently. We in Europe have less laws and rules and regulations and are much more feree open minded and "capitalistic" then most US Americans. We just don't wave around with all our money. Its not polite. We are allowed to bathe our donkeys and spit on the pavement and carry our beer openly and even drink it in public. Try that on any US street. We are even allowed to marry the same gender! Think about that!
Yeah because when someone brings up socialism conservatives love saying how bad it has made China and Venezuela. But if there is a good example of a country that has some socialist values “I don’t wanna hear about it.” 😂😂
The taxes isn't what is costly in Norway, it is the VAT. That is why some products are so expensive in Norway. For instance gasoline, liquor or cigarettes. So when tourists are complaining about expensive merchandise, they dont realize it is part of the VAT.
"so is Norway like a nicer version of China?" "America is still the greatest country..." I swear, every time I think the US people are missrepresented in the media, I get pulled back in to these cartoon characters. Who talks like this? Honestly?
Just to be clear; China has a one-party state, Norway has a full democracy currently represented by 9 parties from right to left. China has very limited freedom of expression through art, and full cencorship on critics towards the political system. Norway have full freedom in every way of expression through art, open debate, religious gatherings and worship, open critics of public services etc. So, living in Norway, I think we can say that the only socialistic reality is that some of the public services like hospital and universitets are paid through the taxes. The main media channels here are also coloured by the left.
I absolutely loved the Norwegian response (from all their institutions). “A nicer version of China”... no comment to that... I wonder why you need to dismiss others to feel better.
The quality of life in Norway is WAAAYY better than the US...like it's not even close. I am not norvegian (I am actually romanian) and I visited both countries and it's not even a question about that. They were really lucky with the oil, but really smart too
Unless you’re assessing this based on knowledge of each state, then this holds zero weight. I can’t speak for Norway, but I suspect every area is not equal across cost of living factors.
@@CoachJJ i am talking about the US as a country overall versus Norway overall. I haven't visited all states, but you can look up pretty much every "good" top and Norway will come on top
@@dragosi8980 Yea, understood. I’m just saying there are plenty of places in the U.S. that I would not want to live and yet people do. I think my tilt is biased to an individual to be able choose their environment, and more of this has to do with age, family status and competencies. E.g. A lot of smart Silicon Valley techies are moving to rarer lands with lower costs of living, wisely.
Talking about Norway 6:00 : "That's Sweden." "Well, what's the difference?" (that would be like talking about Canada and saying "That's the U.S." "What's the difference?") *Bellylaughing in Swedish as I grab my pitch fork and hand a torch to a Norwegian*
They'll probably have about 25 electric vehicle options by then. I think they're just going to make electric engine options for the models they have now.
@@scottyhaines4226 If they do that they will have to sell them at a loss just to stay in the competitive space. Also I did understand what you were trying to say. All I was saying is that an engine is ICE tech not EV.
Sounds like Australia. We have free medical but all workers pay a “Medicare levy”. Our taxes are very high but we have a good social security system (public housing, unemployment benefits, pensioner payments for all people over 65). When we buy a property we pay 4% “Stamp duty” and every investment property sold is subjected to capital gains tax. Average tax is 32.5% and goes as high as 45%. We have 10% GST on all purchases. Min wage for a 17 yr old is $19.84 p/hr. However life is good in Australia and very low homeless rate. Now during Covid, almost the entire country and businesses have been paid by the government for the past nine months to prevent businesses closing and unemployment. It feels like it’s working because the property market is now booming all over the country and the economy is chugging along in spite of Chinas spiteful trade embargoes on us. The government was about to announce a surplus just before Covid hit, but of course now there is a major deficit.
The REAL avg personal tax rate in Norway is actually 27.3%. Most normal people in working age pay around 22-24%. Incremental taxes are added as you make more money and/or own more value. At least this is how it was explained to me by a person i trust on these issues. I did not fact check this but seems accurate based on my own numbers
When Americans say they want free healthcare and education they're called socialists. When norway actually gets those things, they're capitalist . Makes sense, bro.
@Babylon City nothing mixed about stealing wealth and concentrating it into political hands. They are defined as socialists. That system doesn't work here because we are an engine of the world. We need productivity, not people on there ass
Australia is the best place to be middle class. Amazing beaches, any climate you want, low crime, universal healthcare and great schools. VAT/GST is just 10%. Income tax is 0% for $20,000 per year. 19.3% for $70,000. 25% for $166,000 33% for $204,000. However if you make millions you will pay 47%. Long term (1 year) capital gains is 0% up to a max of 23.5%. NZ is the best place for billionaires, top income rate is 33% and 0% capital gains tax. NZ is amazingly lovely like Australia.
@@alexanderka1956 That's a misconception created by US media to serve special interests. This was leaked recently by MSNBC I think... Search on RUclips you'll find it. There is no perfect health care system, anywhere, but Canada's system is among the best. Whether you are on unemployed or a billionaire, you have equal access to free medical care... Same doctors, hospitals, etc.
@@uniquelypositive well now that you mention MSNBC I can rest assured. Seriously in Canada clinics are closed on weekends meaning you better not get sick during weekends, and if you go to public hospital the waiting time is so long that you are better off trying your luck with alternative medicine at home instead, and that's videotaped by a Canadian where the doctor/nurse tells them they should go to a private doctor otherwise they would have to wait for months just to get an examination by a real Doctor, so the all day long wait is for a nurse to see you and tell you if you need to see a doctor or not and then you wait months for a doctor. Like really? And that is actually videotaped. So no Canada has no healthcare system to be proud of. There are only a few countries that free healthcare system works and that should be the Scandinavian countries, and perhaps that has to do with the ethics of the people who work at hospitals and who actually care about doing their job the right way. Other than a few countries out of 195+ everywhere else, universal healthcare is crappier that actuall crap. So universal healthcare should either consist of unpaid doctors who will accept anonymous donations from their patients or just actually do good and health people completely for free with maybe a guarantee of living quarters and food. Otherwise I trust no doctor to heal me, because for starters they are big time liers and or big time see stupid sheep following whatever is told to them by people with money and people with power.
That’s true. America is a dying nation... there is a reason this is happening. The same cultural problems we have now happened to Germany before WW2. So do the math...
Well, yes - we do. However, compared to the US you would have to see Europe as a whole to become geographically comparable. So, if we travel comparatively what for you would be two states over then there's a totally different language. So to compare, I can now speak two and a half language well (Norwegian, English and German) and can understand Swedish, Danish and French. And I'm nothing special in that regard. However, if all of Europe had one common language I'm sure I wouldn't have learned that many languages...
I think people understand this, but that is not the point. If Norway can sustain this sort of policy without hyperinflation and w/ solid GDP then America has to face the fact that we’d rather use taxes for national defense, bailing out failing banks and companies etc. If young Americans start flocking to Norway for education, we couldn’t blame them but this will prove detrimental in the long run.
Another Norwegian reality. You can be at home sick or for your child for 3 days with 100% salary - self-declaration. After a medical certificate, your employer pays 100% salary for the first 17 days (they are insured) and the State pays your sick pay 100% for 12 months. If you are seriously ill, 70% is paid until you recover.
The Norwegian tax system is progressive in that the tax increases with the size of the income. An average income gives a tax rate of well below 30 percent. This applies if you have no deductions (beyond the standard deduction) or other surcharges in the income. A wage income of, for example, NOK 550,000 gives a tax rate of 26.2 per cent in 2021. An income of NOK 1 million gives a tax rate of 33.0 per cent.
What a freaking waste of time. If they had spent 20 minutes doing some prep work before recording this, and/or brought in some people with actual knowledge, they could have had an interesting conversation. But this is a waste. 🙄
Guy from Norway here. Most people in Norway pay a tax at about 33-35%. Richer people pay more for money they make after a certain number, but for the majority of the population this does not apply. We are a mixed economy, which means the state takes care of certain things (like healthcare, education and so on, although with private options if you have money) and private market interests takes care of selling clothes, food and so on, with some governement oversight to avoid monopolies and unfair pricehicking (like your american pharma compenies do all the time). We are not socialists, we are a social democracy, those are different ideologies and i will take great offense (as would most norwegians) of any comparisson to China, venezuela or other socialist or communist states. Hope this helped clear some things up.
Surprised they just skipped over the great point the guy in the grey shirt said about value added tax ( also known as sales tax in usa ) when i lived in washington i belive it was 9% but in Norway it is 25% that adds up to alot of money, its based on what you spend, however when it comes to food it's 15%, Norway also have a bunch of smaller taxes that is not included inn the income tax, it's basically taxed based on what you are doing ( driving car vs using public transportation) even though we have a lot of oil we actually sell it to other countries cheaper than what the locals can buy it for - petrol in Norway are more expensive than in america, one of the main reasons electric vehicle is so popular is because of tax relief on electrical cars, when you buy it but also they get a bunch of benefits like no road tolls, driving in the carpool lane when it's only one person in the car etc. the government want the population to be more carbon neutral, that's why we also put a tax on all plastic bottles, and if you recycle the bottles you get the tax back .. there are a lot of things Norway does differently than America, not to say that is better it's just different, some thing might be better but other things america is better at, just depends on what topic we are talking about, and it's funny how David says america is still the greatest country, wonder what he is basing that on ?
@@ohrosberg Well I just googled it and it's 22%. It's just paid by employer so you don't even know it's there. Thats how they trick us thinking we pay lower taxes in nordic countries.
@@ohrosberg No worries. I wish the social security payments were moved to employees so that taxation would be more transparent. Many people don't know how much they are really paying tax from their salary.
They should listen more to the dude who actually knows stuff. He tries to get his line in with the extra fee you have to pay for all goods, but they don't hear him. For each liter of petrol you buy in Norway, for instance, you pay 8 kroner to the state, 6 kroner to the oil company and 2-3 kroner to the gas-station... So yes, we have quite low tax, but stuff costs money. Denemark has lower fees on goods, and higher tax. And also: Americans sould read up on the difference between a totalitarian economy and a welfare-state.
All the people in the comments saying Norway isn't socialist they're capitalist, but when some Americans advocate for the same free healthcare and education you call us socialist. You're pretty deep thinkers.
U need to come visit Scandinavia post corona and do an investigation series. I recommend u get in contact with swedish youtuber Henrik Jönsson, he has alot of informative content on Sweden available in English.
Joe Rogan had an interview with an economist of some sort that emigrated to Puerto Rico to avoid American income tax, his comment on Sweden as an expert in finances was that Sweden is more capitalist than America! Sorry I dont remember the name of him.
I live in Norway(dual citizenships) and I am an ultra capitalist,the taxes here can be outrageous(the VAT tax) but there are ways(legal ways) to get around those quite easily especially for financial gains. Also Norway and the other nordics are in no way a socialist cuntries lol,they might have some welfare programs similar to other european countries..but the financial industry gets a lot of leeway.
US is still the greatest country in the world? Great in what? Having the highest number of millionaires and the highest homelessness rate Or Being forced to pay tax even when you are no longer leaving in the US?
in norway taxes work because as soon as i get my money, i spend it. when i spend that money. the very same money get taxed again and again. the goverment basically gets back 25% more of whatever was left. every time i spend it, i have to pay taxes either directly or indirectly.
First of all. You need to do some more research😊. Norway has about 50 top tax above approximately 70k. Also, it’s true the oil money is going in to the “oil fund”, but we are using 3-4 % of the return the fund is gaining annually. The size of the fund It’s about 250k for every Norwegian if we delivered it out to everyone. That includes children and all inhabitants of Norway. This deal includes free education, free healthcare and descent pension/retirement. Also we have set budgets for health care. That means that we don’t have expenses that we don’t want the cost of. An example: if you are 70 years old and got cancer you might not get ultra expensive treatment to prolong your life for some few years if it’s impossible to cure you. In a free healthcare system a life has a price. The price varies with conditions and age. With insurance in Florida I might get the most expensive medicine in the world if my insurance pay for it. Maybe even if it would give me a few more months to live. That’s why healthcare is so expensive in the us. Over treatment of dying people.
You say the U.S is the greatest country on Earth. But at what though? What specifically are you guys so great at? It's not like you top the list of anything. Well except military spenditure and people incarserated. But besides that, the U.S doesn't really come out on top, ever.
Best infrastructure, most opportunity compared to every other country on earth, best music, best entertainment, best clothing brands, best universities....the list goes on pal
@@dwaynejohnson3656 half of the things you list here are highly subjective. what you consider the "best" music,entertainment and clothing brands, I might detest. As for having the worlds best infrastructure: The U.S is ranked 13th, not even close to best. "most opportunity" your country is ranked at 28th for social progression opportunity. Universities are among the only things you can actually claim to have a high ranking standing with, but there are plenty of other countries with elite schools at every level. The list really doesnt go on "pal", if you actually do some research on this topic you are bound for a rude awakening. I`ve got more family in the U.S than Norway where im from, I love the states, but the states has some serious issues and your populations ignorance towards whats going on outside your boarders is almost comical.
@@dwaynejohnson3656 The U.S is ranked 13th in infrastructure, you barely place 4th in terms of best universities, you're the 53rd most free country, and your literacy rate is dogshit. You do produce some dope music though, ngl. "Best entertainment and clothing brands" is irrelevant.
@@jjsmithlago1234 if by "backbone" you mean, the single biggest perpetrator of drone bombing its "enemies" to smithereens then, sure. if ure talking about financial backbone,then your country is currently closing in on 28 billions in debt. You dont produce anything in your country anymore, your biggest companies all produce their products with slave and child labor from the east. Your population have an insane percentage of obesity and elected a reality show star as its highest official. You last election had countless people believing insane conspiracies that a 5 year old could debunk in 10 minutes, which ended with a massive crowd storming the capitol. Backbone of the west, more like laughing stock and something for the rest of the west to point and laugh at while telling our self "at least we aint that bad"
A superpower a essentially a bully. Why don’t you smh at your glorification of ruthlessness? Refusing to nuke other countries is admirable not something to strive for. I see your smh and raise you two smh’s
Norway is NOT socialist. It is a capitalistic country where the government takes control over the markets that don't work on its own due to monopolistic competition. For example, healthcare does not work on its own, because everyone is willing to pay as much as they can. Thus the government is the best at taking care of that because they aren't looking for a big profit. Private healthcare providers exist in Norway as well, but they are forced to keep their prices low as they have to compete with the government. So in that sense, Norway is actually MORE capitalistic than the US as they protect the free market and aim to make it as close as possible to perfect competition.
As a novist on economy, being a Swede I don´t think we tax the middle and low income that much. But the higher tax earners get like 50-62% income tax. Witch makes them leave the country in some ways. So I don´t know. Good topic to bring back up??!!
@@savannahmanzone3394 Norweigan Army Size: 38,812: (2019): 8,812 military personnel; 30,000 reserves; --- This is what I mean. They sacrificed security for education. Americans aren't willing to do the same
My 33% Norwegian Tax is equal to Americans State Tax, Federal Tax, 401k, All Health Insurance, FDIC, Unemployment Insurance, Retirement, 100% Medical, .....I do that ALL with 33% of my Paycheck.
Kai Lode sounds like a Norwegian name. Anyways, The important numbers here are simply. Norwegian government budget is 50% of GDP US governmentS budgets are 35% of GDP. Furthermore, US spends 18% of GDP on healthcare, this is 100% included in the Norway Number and only partially included in the US number. So ultimately the spending isn't too dissimilar. Furthermore norway has 3 weeks paid vacation during the summer, paid maternity leave for both parents, universal health care, free college and university and a whole bunch of other things. From afar it seems to us that you don't get this because you choose not to have it and you don't get it working because you choose not to make it work.
*"Like a nicer version of China."* *"That's Sweden." "Well, what's the difference?"* Ah yes ... U.S. ignorance. No wonder so many from the U.S. say they're Canadians when they vacation in Europe 😂
I’m an European. China is a second world country dictatorship with concentration camps. Norway is a first world country with a democracy where it’s citizens can criticise their government without the fear of being locked up!
Yeah, especially considering that Norway has the officially highest rate of freedom of speech for the press in the world. We all know how China loves freedom of the press.
THE OIL REALITY ! ! ! ! Norway sit on a literal SEA of Oil, the Brent Sea. It has been calculated FACTUALLY that Norway could give each citizen full salaries for everyone for 5 generations.... THEN ANOTHER TWO! Soooo, the next time a rookie attempts to compare Norway to the US, please tell them to compare a piece of orange to a led pipe.
Average tax = 55% Income tax 30 % VAT 25 % ( This is basically extra tax you pay for everything and whatever you buy. That is why Norway is one of the most expensive country in the world. ) (I live in Norway )
Your numbers are nowhere to be found in any statistic. That you live in Norway and think it is so is even more frightening. All countries in Europe have VAT. In Norway, it is 10% on services, 16% on food and 25% on other than the average in Europe with less social benefits. The average income tax is 24.7% about half of Denmark and far down the lists in Europe. Pension savings are then included.
@@lpdude2005 So in your calculation Vat+income tax is 42% (IN REALITY it is much more but its ok,i dont want to go to details ) 42% is also too much. vat + income tax should be maximum 10-17 %.
@@Kenzopoint Oh well. How you have come to the conclusion that your number is correct I do not know, but we humans are very different and we do not want to have people lying on the sidewalk begging for money - therefore we have a country with great security. Taxes and fees in Norway are obviously very well valued nationally and for you as a person. In the course of a lifetime, you get back 84% of everything you have paid in taxes and fees - i.a. a very good old-age pension compared to all other countries. In the US, you get back only 19% of your payments and taxes and fees are not far from the Norwegians who are otherwise low by European standards. There is broad agreement in all political parties that we do not want to lower social security - free health - free school, 100% sickness benefits, etc.
@@lpdude2005 We don’t get 84% of what we paid in tax. I pay around 50.000 $ income tax yearly which is almost 45% of my income. So in 70 years* 50 = 3.5 million dollars in tax . How do i get 84% of this money back? So i pay 3.5 million $ income-tax (35 millioner kr ) to Get free healthcare and free school (which is not 100% free and the quality sucks ) and you call this free? (Iam not even counting Vat, payroll tax, and lots of other tax you don’t mention. Free healthcare,free school , free money is a big fat lie.
@@Kenzopoint You're doing well - It's almost unlikely that I'll explain a system to you and that what I'm talking about is average. Of course, you will not get back 84%. That you want a system adapted for you is understandable - so the Scandinavian model does not fit in your head. But 20 million people prefer it and for some reason you are here too. The best I can say to you is that you have the wrong focus. You never get anyone to support you in Norway - most and richest are actually happy. So if you want to earn more - then make sure and forget about taxes and fees - it's your reality based on democracy here. I also like low taxes and fees - but have a good standard of living and should never think about sudden health costs or how to plan my old age. I can use my life to live and have a good time with my children - then obviously life expectancy will also be highest. It seems to me that you only exist - spend your life on dysfunctional thinking and do not enjoy life. But I can be wrong.
With the amount of money they have and how few people they have, I see easily how they can be very idealistic with the services they offer their people, but in a country nearly 100x bigger, things get way more complicated. Plus what works there might not work in other countries from a cultural or financial perspective.
Medicines are in all pharmacies, doctors are in all hospitals, teachers are in all colleges, the structure is already here. All we need to do is cut out the middleman. Why do we need insurance companies to approve or deny what an educated doctor says I need?! We ALREADY pay (out the bunghole, I might add) for Healthcare but most of it is going to insurance companies (while their ceo's get fat, happy and rich off OUR MONEY) who turn around and deny our claims if/when they can (God forbid the ceo's make a penny less than they can!) Why do we need to pay $150 PLUS for one college text book. Why do they require a new volume every year when all they've changed is a word or two. Why do we need to pay tens of thousands of dollars a year for tuition? Considering to have a decent quality of life a college education is required! And exactly what is the reason we need to pay soo much for prescriptions that some people have to face the fact they can't afford the (life saving in some cases) medicine. It'll be hard? There'll be hiccups? That's a reason to stagnate? Why do ceo's deserve millions of dollars a year for essentially sitting on their butts or playing golf. They are sitting on their golden toilets holding the American populace for ransom. The "job creators" conveniently quit creating jobs unless they get their tax cuts... then, rather than reigning them in the politicians cow to their demands. This has to stop. Enough is enough!
Well, the thing is that this whole thing started before Norway found oil. And as the folks said in this video, most of the oil money we have are saved for a rainy day. A rainy day which we KNOW will come. Then we'll start tap into the sovereign oil fund. The economies of scale would also dictate that the US and other large countries would get a better deal than what we have... Synergy effects and all that...
The first one to respond to Will Farrels first ad was the norwegian prime minister, this was the second or third answer. It was 5 or 6 different answers all in all to all the ads WIll made.
Opposite with Norway, California ALONE has way more population, refuses to drill, business un-friendly, AND worst of all corrupted politicians and well fed unions.
![#1 Weird Norwegian Commercial Compilation [English Subtitles]](http://i.ytimg.com/vi/EXOmS00wFl8/mqdefault.jpg)
"USA is still the greatest country in the World " lmfao 🤣🤣🤣🤣🤣
Yeah. It has never been the greatest country in the world 😅😅
Meanwhile, they’ve never been abroad to compare
The USA is a joke coming from an American!
Maybe 70-80 years ago... they need to wake up!
😄😁😆😅🤣
Guys, how can you know so little about the world! The world is great and it does not end at the American border. There is plenty to learn out there. Best regards from The Netherlands.
To clarify, it is the United States you are referring to, not the entire American continent.
Americans dosent learn that everything beyond us border is a war zone and living in the stone age
"Guys, how can you know so little about the world!"
Guys, how can you know so little about the world?*
Answer: They are American's, they know very little about the world outside their own country.
@@OriginalPuro America doesn't give a shit about other countries. America is like the popular kid in high school that everyone else wants to be, but they're too small or insignificant.
Norway is a liberal social democratic monarchy. That you even compare that to socialism , wich by definition is a republic, just shows how different our worlds are 😅
But anything left of Biden, who would be in a right leaving party in most European countries, are communist. Haha.
Don't take them too seriously.
Just dumb Americans being dumb.
There are clear similarities.
@@berntmariustromsdal9215 Open a book and read the definition of socialism.
Socialism = planned economy, state ownership of everything, heavily regulated social structures and no individual liberty.
Norway= liberal economy, low level of state Investment in critical services and strong individual liberty.
A welfare system and social security net is not a socialist idea, and the Norwegian welfare system is widely different than a socialist welfare system.
The Norwegian welfare system is based in our monarchy and is something we can trace back to the feudal system, centuries before socialism was a thing.
Nicer version of China??? nah just a way nicer version of America. wtf was that?
Facts...
Desperate to pin the whole “socialism is bad” on countries that have socialist tendencies. That’s why he kept begging to find taxes over 50% to scare people at home into thinking losing half your paycheck is horrible but completely forget about all the benefits you get from jf
I can think of a reason it works but no one sais
I'd take the US any day, before Norway. What a bunch of ignoramuses.
@@dav__made Norway: 76% on average..
Americans finaly researching the taxes we really pay in "socialist" countries in Europe while having "free" education, healthcare, etc. and realizing they pay more in some places in America while having none of that.
What is most interesting is that Norwegians get back 84% of everything we have paid in taxes. A US citizen gets only 19%. That's the most important thing. Norway has 5.4 million inhabitants - no government debt but a 9-year budget in reserve of $ 1.3 trillion. www.nbim.no
@@lpdude2005 perhaps the reason they’re opposed to the taxes is the way the us gov spends them
@@MiamiManiac Yee. I think soo. We dont have big incometaxes because its incl. age-pensionsaving. The tak is 9% for incom like $12000 and 33.3% for $125000. But first you deduct expenses for income - also all interest on loans and credits - from the balance you pay tax.
@@lpdude2005 So it's the same system for paying taxes. The difference is how it's spent.
@@Drewsifix lol i guess...
”united states is still the worlds best country”
haha you have no clue how many times better Scandinavia is brother
Dude has no clue how much the top 10% get away with doing in this country where they’d be taxed like crazy in any European country. And he still wants to act like that’s good and they shouldn’t be paying that much give me a fucking break
Yeah you can thank us for protecting you.. nato says hi
@@johnk6534 protecting us from what? Aliens?
@@Brewskidudeski you have much 2 learn.
@@Brewskidudeski Nato says hi
OMG ! im danish, but you guys have no clue of life in the developed world
Those of us who do don't spend as much time online as the morons. We have a life to live. There are many things I love about my country but many things we can learn from others. We are on a treadmill over here. It's time to go to a culture that is more family friendly.
Don't bother. They won't listen aynway. This video is just further proof of the US not understanding how the civilised world works.
Danmark er konge❤
This is cringeworthy to watch. Figure something out before you go on air. Start with figuring out the difference between communism, socialism and Social democrazies.
du har så rett Sven!
They are just bitter
A nicer version of China!!?? So, these guys have NO FREAKING clue.
It’s not socialism. It’s just like Canada. Free market capitalistic democracy with socialized programs
these dummies call anything that isn't American style crony capitalism, "Socialism"
And 75% tax rates lol
@@funbags6471 Even with that the average Norwegian still makes more than you do with the same occupation and has a better quality of life lmao
@@angelmagana7385 I live in Canada, i meant 75% tax rate here.
Correct. We have great social security for national economic reasons. We do not have people living on the sidewalk or people begging for food - We give them the opportunity to apply for new jobs instead of sending them to the basement
This might be the winner of intellectually lazy videos so far this year. So much wrong in such a short time - "president of Norway", "nicer version of China" and many others. Your viewers should be sceptical about the information they get from your channel, judging by this video.
he he, yes, as a Norwegian I had to laugh at several things :-P
But none the less it was an entertaining clip.
Agreed, and they have 120K subscribers. That's what really blows my mind.
Absolutely.
//// This ep. were an eyopner for me. As a Scandinavian (norway, Sweden, Denmark, Iceland (yes, they are seperate country’s)). I hear the panel has done very little to give an informed comentery on Norway (in this case). Now I will be VERY sceptical going forward listening to topics witch I don’t know a lot about....people do your owne research. Use You tubers to get into new subjects, nothing more nothing less. (Yes, my English could be better. Scandinavians learn 3 or 4, cant master them all, sorry.)
Bada Bong. I'd say. And its very similar in all socialist and non-communist or fascist countries.
They are typical americans. Unilingual, biased and uninformed.
This comment was an eyeopener for me. Because it is easy to think they are as knowledgeable as they are confident.
Also, in Norway, isnt it like you have to pay 50 percent taxes on any job you take that isnt your main job? Or am I just misunderstanding?
@@qine6559 no, that is totaly wrong.
Iceland is a nordic country like Finland, not scandinavian, although I’m glad you think so
Maybe that’s why Kai always looked so sad & disinterested back there. He felt like he had way more to offer. BIG UPs to Kai!
Agreed, job well done, Kai
When are ppl going to pick up a dictionary or history books and ACTUALLY get the definition of socialism? "Scandinavia" is not socialism. It's like saying Europe is the most productive country in the world, or USA is the biggest country in the world. You can't dismiss or believe something because it feels right or wrong. JFC
I don’t know how Patrick keeps on mindlessly parrots “America is still the greatest country in the world” it’s a general I feel good to be American platitude he throws around without deeper examination. I’m American and have moved to Oslo- let me tell you- for the average person the quality of life here is much better than the United States.
Well, the US is good for the ruling class, not so much for everyone else. That's why the wealthiest people in the US always talk about how great it is, and they convince poor people that they can one day win the lottery and be rich. That delusion is what keeps the poor believing in the American dream while they are being robbed blind by the rich. Meanwhile the US is a paradise for billionaires and business owners who have unlimited potential to hoard wealth, influence government, evade taxes, pay poverty wages, etc.
Just to be clear, the oil money from Norway went into an investment fund thats returns pay for Norweigians healthcare and education etc. Sound investment making returns to the people x
Not true. All of the 254 billion norwegian kroner used from the oil fund last year went to pay the 264 billion nok bill from imigration (official numbers -real numbers are most likely higher). Norwegians pay their own way and more. Still our hospitals and schools are among the worst in the western world. Don't believe official statistics.
@@TheNordicnighthawk wrong wrong and wrong. The oilfund had a return of 1070 billion nok in 2020. The state budget gave 17,2 billion to immigration in 2017 so i doubt your 254 billion figure for 2020 is even close to reality.
I have experience from hospitals in Sweden, Norway, Ireland and Hungary. Out of these countries Norway is willing to spend to most per patient and pays for better but more expensive medications and procedures. Yet norway still has a way to go.
The international student assessment results for norway arent amazing, but still consistantly top 20 in the world.
@@staole638 I think you are conflating the return from the oil fund with the means allowed according to the 4% consensus rule.
Please read comment on Finansavisens Kjell Erik Eilertsen estimate:
www.document.no/2018/11/12/koster-innvandringen-250-milliarder-i-aret/
regarding hospitals and health budgets: Throwing money at a poorly run system does not mean that it has anything good to show for. It is like buing booze to an alcoholic and claim that you have helped him with his dependency.
facepalm, did he just say its a nicer china?
Yes 😂🤣😂🤣🖖
*Rolling on the floor, laughing my butt off in Swedish*
They’re desperate to say socialism is so bad everything has to be connected to China or Venezuela so they don’t lose the people who start questioning why we are “the richest country in the world” but have so many people barely making it by
Stunns me that one of you guys dont know the difference between Norway and Sweden. It's two different countries. Sweden is also an EU country, Norway isn't.
"A socialist contry has to has 50%+ taxation" gimme a break... Just because a country has programs that take care of the people, doesn't make it oppressive or communist (which is the subtext almost always). I'd say go check the place out for yourself but uhm, yeah.
No. Dont let them come here!
Trust me, You do not want public healthcare a la Norway. Our regional hospital is dubbed "The corpse factory"
@@TheNordicnighthawk among the 15 best in the world
@@gullfeber Our hospitals in Norway are among the 15 best in the world?? If that is true, it's quite scary. I know first hand that swedish hospitals are much better than norwegian. Spain are better too as far as I have seen.
Norway has a systemic problem. The hospitals are ridden with administrators that are busy building their own career and fight each other. In addition to that are norwegian doctors quite poorly trained although they receive 5,5 years of education. If you need a doctor in Norway you will soon realize that east european doctors working here are more qualified.
@@TheNordicnighthawk healthcare is the 15th best in the world, that is based on way much more than personal experiences from individuals, fortunately!
Y’all acting dumb us spend 765 billion on a army fighting the damn air every year
Norway is like light years ahead lol 😆.
Yup! Specially with gass prices, tax rates and bureaucracy. 🙄
@@TheRexTera I will gladly pay our gas prices, and get free hospital bills if i'm in a car crash. What happens for an american if they are immobilized in a car crash, and has to stay a week in the hospital? Does that equal my tax for the last year? last 10? 20? What third world country bankrupts a person for being in an accident? How the fuck do you pay 10k for giving birth? Where is the logic in that?
And for tax. I pay 35%, and have done for 20 years. I will easily pay that for someone else getting a free week in the hospital for an accident. No question.
@@thanossnap4170 We also pay for their defense. Someone has to be the global military super power and I personally don't want it to be China. Also I imagine norwegians trust their government to correctly allocate funds to these social programs. With the way American politics are I don't trust the government to allocate tax funds in a way that benefits us, I'd rather just pay for my own shit. CA for example has insanely high taxes and people in california don't get shit for it, it just goes into the pockets of corrupt politicians and Unions. I'm not opposed to Norway like policies, infact I'm all for a STATE trying them, just never the federal government.
Yes since their citizens are taxed to hell, they live in a country which has population size smaller than every US state, they are energy independent since the state runs their giant oil industry, they are socially and racially homogeneous, amd they are protected by the US so they don’t fund a military
@@gageczajkowski7755 What do you mean "taxed to hell"? I'm genuinaly curious. I pay 35% tax ish. And i'm happy to pay it. If something happens to me, everything from the hospital is free. They could do a 24 hour operation on me, and i would be billed 0,-. No charge. Nothing. And if it happens to my neighbour, i would gladly pay that tax for him to recieve the same care.
What’s the difference?
Love how American that statement is 🤣
Love how it sums up how Americans see socialism so quickly. Socialism? Nope bad. Period don’t wanna hear anything else. 😂
@@dav__made We dont have socialism
4:11 "Like a nicer version of china." You are so delusional.
I feel like he was joking but the guys still a douche bag
Kai made it to the big boy table, let's go!!
I know taxes are high in many European countries but at least the citizens/legal residents get thier taxes worth in services. Here in America we pay taxes and get crumbs.
What is most interesting is that Norwegians get back 84% of everything we have paid in taxes. A US citizen gets only 19%. That's the most important thing. Norway has 5.4 million inhabitants - no government debt but a 9-year budget in reserve of $ 1.3 trillion. www.nbim.no
The taxes in Europe aren’t even that high compared to America. Most of the time they’re actually the same or lower
Well in Germany we pay in taxes for our government retirement Insurance plans. Guess what. Each year we get less and less retirement funds. In Germany you can‘t live on the retirement funds that you get except if you are government employee. Same case with “free” education. People all over the world pay the high tuition fees and go to US but not that many people want to take advantage of “free” education in Germany.
@@Tinfoilhat2023 In Norway, we have several social security funds for old-age benefits. The main fund is of course www.nbim.no which now has approximately Euro 1.1 Trillion. I understand well that not many people study in Germany - It is probably due to the fact that the language is not a world language. The same applies in Norway. We have many international students - but they go to schools that are often very advanced and the teaching is in English.
@@lpdude2005 Almost all the taxes the americans pay is to cover a militar budget of a country which soil were never threatened.
I’m so tired that Pat is calling Norway a socialist country or a socialist state with a capitalist market, guys just do the proper research, Norway is the definition of capitalism, and its been like that for years, i suggest you guys go ahead and study what capitalism and socialism is, btw big fan of the show and Pat, just don’t misinform people pleeeease! We already have the main media doing that for us. Much love!
It’s a social democracy. Not socialist.
Thank you from Norway, finally someone who gets it
Yeah but when I say I want free healthcare in free education like they do in Norway but in america you call me a socialist ,,,, Why does that happen ?
If you are listening to this guy on any topic you really need to examine yourself.
@@JohnSmith-ef2sx Because the US is not a democrycy but a cleptocracy.
On the outer shell they look different.
But inside they are just too large to be ruled any differently.
We in Europe have less laws and rules and regulations and are much more feree open minded and "capitalistic" then most US Americans.
We just don't wave around with all our money. Its not polite.
We are allowed to bathe our donkeys and spit on the pavement
and carry our beer openly and even drink it in public.
Try that on any US street.
We are even allowed to marry the same gender! Think about that!
9 times out of 10, someone who says “the US is still #1”! Hasn’t been outside the country.
You can see how salty is that guy that he throw the comment from china
Yeah because when someone brings up socialism conservatives love saying how bad it has made China and Venezuela. But if there is a good example of a country that has some socialist values “I don’t wanna hear about it.” 😂😂
Because it's a stupid fucking thing to say...
The taxes isn't what is costly in Norway, it is the VAT. That is why some products are so expensive in Norway. For instance gasoline, liquor or cigarettes. So when tourists are complaining about expensive merchandise, they dont realize it is part of the VAT.
As an american I love the humourous rebuttle. We aren't really permitted to use humor or express opinions atm but it looks good on you guys.
"so is Norway like a nicer version of China?"
"America is still the greatest country..."
I swear, every time I think the US people are missrepresented in the media, I get pulled back in to these cartoon characters. Who talks like this? Honestly?
Just to be clear; China has a one-party state, Norway has a full democracy currently represented by 9 parties from right to left. China has very limited freedom of expression through art, and full cencorship on critics towards the political system. Norway have full freedom in every way of expression through art, open debate, religious gatherings and worship, open critics of public services etc. So, living in Norway, I think we can say that the only socialistic reality is that some of the public services like hospital and universitets are paid through the taxes. The main media channels here are also coloured by the left.
«The US is still the best…. Awww fuck I was shot trying to buy milk and learn math»💀💀💀😭😭😭😭
I absolutely loved the Norwegian response (from all their institutions). “A nicer version of China”... no comment to that... I wonder why you need to dismiss others to feel better.
Pat looks like a proud dad when youngster Kai is talking and in the mean time guiding him and making him comfortable. Patrick u r a true mentor
It’s weird when Pat isn’t yelling at him lol
The quality of life in Norway is WAAAYY better than the US...like it's not even close. I am not norvegian (I am actually romanian) and I visited both countries and it's not even a question about that. They were really lucky with the oil, but really smart too
Unless you’re assessing this based on knowledge of each state, then this holds zero weight. I can’t speak for Norway, but I suspect every area is not equal across cost of living factors.
@@CoachJJ i am talking about the US as a country overall versus Norway overall. I haven't visited all states, but you can look up pretty much every "good" top and Norway will come on top
@@dragosi8980 Yea, understood. I’m just saying there are plenty of places in the U.S. that I would not want to live and yet people do. I think my tilt is biased to an individual to be able choose their environment, and more of this has to do with age, family status and competencies. E.g. A lot of smart Silicon Valley techies are moving to rarer lands with lower costs of living, wisely.
Talking about Norway 6:00 : "That's Sweden." "Well, what's the difference?"
(that would be like talking about Canada and saying "That's the U.S." "What's the difference?")
*Bellylaughing in Swedish as I grab my pitch fork and hand a torch to a Norwegian*
Well thanks for the torch man
"30 new EVs by 2025" but not for sale right? Just to show GM shareholders...
They'll probably have about 25 electric vehicle options by then. I think they're just going to make electric engine options for the models they have now.
@@scottyhaines4226 An EV does not use an engine as it is electric.
It's GM, it's going to be the same vehicle badge engineered for a few different brand. Just like their Silverados and Sierra, same trucks.
@@Coltn3125 i don't think you're understanding me. What I'm saying is that there will be an electric motor version of each of their vehicles.
@@scottyhaines4226 If they do that they will have to sell them at a loss just to stay in the competitive space.
Also I did understand what you were trying to say. All I was saying is that an engine is ICE tech not EV.
Sounds like Australia. We have free medical but all workers pay a “Medicare levy”. Our taxes are very high but we have a good social security system (public housing, unemployment benefits, pensioner payments for all people over 65). When we buy a property we pay 4% “Stamp duty” and every investment property sold is subjected to capital gains tax. Average tax is 32.5% and goes as high as 45%. We have 10% GST on all purchases. Min wage for a 17 yr old is $19.84 p/hr. However life is good in Australia and very low homeless rate. Now during Covid, almost the entire country and businesses have been paid by the government for the past nine months to prevent businesses closing and unemployment. It feels like it’s working because the property market is now booming all over the country and the economy is chugging along in spite of Chinas spiteful trade embargoes on us. The government was about to announce a surplus just before Covid hit, but of course now there is a major deficit.
That's communism Australia's a communist regime no freedom over there no guns
No one cares about Astriaaaa
Remember, a majority countries in Europe has a mandatory retirement system which balances the cost of any type of care.
4:33 "most people are working and taking care of it. so paying in and getting back from the state"
"...You mean taxes?"
The REAL avg personal tax rate in Norway is actually 27.3%. Most normal people in working age pay around 22-24%. Incremental taxes are added as you make more money and/or own more value. At least this is how it was explained to me by a person i trust on these issues. I did not fact check this but seems accurate based on my own numbers
@@rayranja VAT on food is 15% ;)
Folks, there are not just the categories of capitalism and socialism. (I wouldn't call Norway a socialist state by any means)
America has a huge welfare state!
@@cooldudecs Norway has a bigger welfare state than America.
When Americans say they want free healthcare and education they're called socialists. When norway actually gets those things, they're capitalist . Makes sense, bro.
@@JohnSmith-ef2sx we have healthcare. We also have the largest welfare system in the world... Y'all just lazy
@Babylon City nothing mixed about stealing wealth and concentrating it into political hands. They are defined as socialists. That system doesn't work here because we are an engine of the world. We need productivity, not people on there ass
Australia is the best place to be middle class. Amazing beaches, any climate you want, low crime, universal healthcare and great schools. VAT/GST is just 10%. Income tax is 0% for $20,000 per year. 19.3% for $70,000. 25% for $166,000 33% for $204,000. However if you make millions you will pay 47%. Long term (1 year) capital gains is 0% up to a max of 23.5%. NZ is the best place for billionaires, top income rate is 33% and 0% capital gains tax. NZ is amazingly lovely like Australia.
Norway’s grid never Froze over like Texas. And their senator never left to Cancun
You don't have to look at Norway. Look at your neighbor, Canada. Very similar.
Have you seen the healthcare system throughout Canada? Doesn't seem to be working as greatly as people think it is.
@@alexanderka1956 That's a misconception created by US media to serve special interests. This was leaked recently by MSNBC I think... Search on RUclips you'll find it. There is no perfect health care system, anywhere, but Canada's system is among the best. Whether you are on unemployed or a billionaire, you have equal access to free medical care... Same doctors, hospitals, etc.
@@uniquelypositive well now that you mention MSNBC I can rest assured. Seriously in Canada clinics are closed on weekends meaning you better not get sick during weekends, and if you go to public hospital the waiting time is so long that you are better off trying your luck with alternative medicine at home instead, and that's videotaped by a Canadian where the doctor/nurse tells them they should go to a private doctor otherwise they would have to wait for months just to get an examination by a real Doctor, so the all day long wait is for a nurse to see you and tell you if you need to see a doctor or not and then you wait months for a doctor. Like really? And that is actually videotaped. So no Canada has no healthcare system to be proud of. There are only a few countries that free healthcare system works and that should be the Scandinavian countries, and perhaps that has to do with the ethics of the people who work at hospitals and who actually care about doing their job the right way. Other than a few countries out of 195+ everywhere else, universal healthcare is crappier that actuall crap. So universal healthcare should either consist of unpaid doctors who will accept anonymous donations from their patients or just actually do good and health people completely for free with maybe a guarantee of living quarters and food. Otherwise I trust no doctor to heal me, because for starters they are big time liers and or big time see stupid sheep following whatever is told to them by people with money and people with power.
@@uniquelypositive and I'm sure there isn't even one millioner, let alone billionaire who would ever go and trust a public hospital.
Biggest problem with Americans that is that we chose to be ignorant as a whole. Most Europeans speak more than 2 languages :(
That’s true. America is a dying nation... there is a reason this is happening. The same cultural problems we have now happened to Germany before WW2. So do the math...
Well, yes - we do. However, compared to the US you would have to see Europe as a whole to become geographically comparable. So, if we travel comparatively what for you would be two states over then there's a totally different language. So to compare, I can now speak two and a half language well (Norwegian, English and German) and can understand Swedish, Danish and French. And I'm nothing special in that regard. However, if all of Europe had one common language I'm sure I wouldn't have learned that many languages...
@@ohrosberg yes an inconvenience but languages are great!
Correction: Education is not «FREE» in Norway, it’s taxpayer funded. Get your facts straight!🤨
I think people understand this, but that is not the point. If Norway can sustain this sort of policy without hyperinflation and w/ solid GDP then America has to face the fact that we’d rather use taxes for national defense, bailing out failing banks and companies etc.
If young Americans start flocking to Norway for education, we couldn’t blame them but this will prove detrimental in the long run.
Another Norwegian reality. You can be at home sick or for your child for 3 days with 100% salary - self-declaration. After a medical certificate, your employer pays 100% salary for the first 17 days (they are insured) and the State pays your sick pay 100% for 12 months. If you are seriously ill, 70% is paid until you recover.
That wouldn't work here because people would abuse it. You can only have that sort of thing with people who value integrity.
Godt å være Norsk i denne tiden
Ja min med borger
@@ADOSA002 ja
The Norwegian tax system is progressive in that the tax increases with the size of the income.
An average income gives a tax rate of well below 30 percent. This applies if you have no deductions (beyond the standard deduction) or other surcharges in the income. A wage income of, for example, NOK 550,000 gives a tax rate of 26.2 per cent in 2021. An income of NOK 1 million gives a tax rate of 33.0 per cent.
LMAO!!! USA, greatest country of the world?! LMAO!!!
3:55 we did Not take a shit at capitalism we are also capitalists, we Just have a strong welfare state to boot instead of 12000 fighter jets
What a freaking waste of time. If they had spent 20 minutes doing some prep work before recording this, and/or brought in some people with actual knowledge, they could have had an interesting conversation. But this is a waste. 🙄
Tell us why since you seem to know so much.
Guy from Norway here. Most people in Norway pay a tax at about 33-35%. Richer people pay more for money they make after a certain number, but for the majority of the population this does not apply. We are a mixed economy, which means the state takes care of certain things (like healthcare, education and so on, although with private options if you have money) and private market interests takes care of selling clothes, food and so on, with some governement oversight to avoid monopolies and unfair pricehicking (like your american pharma compenies do all the time). We are not socialists, we are a social democracy, those are different ideologies and i will take great offense (as would most norwegians) of any comparisson to China, venezuela or other socialist or communist states. Hope this helped clear some things up.
22-33%*
Norway is not a "socialist" state already and the US isn't the best country in the world, it's maybe only one of many. Stop being ignorant 🙄
Surprised they just skipped over the great point the guy in the grey shirt said about value added tax ( also known as sales tax in usa ) when i lived in washington i belive it was 9% but in Norway it is 25% that adds up to alot of money, its based on what you spend, however when it comes to food it's 15%, Norway also have a bunch of smaller taxes that is not included inn the income tax, it's basically taxed based on what you are doing ( driving car vs using public transportation) even though we have a lot of oil we actually sell it to other countries cheaper than what the locals can buy it for - petrol in Norway are more expensive than in america, one of the main reasons electric vehicle is so popular is because of tax relief on electrical cars, when you buy it but also they get a bunch of benefits like no road tolls, driving in the carpool lane when it's only one person in the car etc. the government want the population to be more carbon neutral, that's why we also put a tax on all plastic bottles, and if you recycle the bottles you get the tax back .. there are a lot of things Norway does differently than America, not to say that is better it's just different, some thing might be better but other things america is better at, just depends on what topic we are talking about, and it's funny how David says america is still the greatest country, wonder what he is basing that on ?
Love Kai Hope he becomes a regular.
And studies show that people in Scandinavian countries have been found to be the most happy with their lives.
Did you take into account social security taxes? In Finland you have to add about 15% on top of income tax rate for social security payment.
Social security is included, yes. No extra tax for that. :)
@@ohrosberg Well I just googled it and it's 22%. It's just paid by employer so you don't even know it's there. Thats how they trick us thinking we pay lower taxes in nordic countries.
@@VilleHyytiainenInvesting My apologies... You are right, I forgot about that.
@@ohrosberg No worries. I wish the social security payments were moved to employees so that taxation would be more transparent. Many people don't know how much they are really paying tax from their salary.
The difference between the U.S. and Norway is the U.S. is corrupt in its tax use and Norway isn't.
war machine sux
He just said 400grand isn’t a lot of money wtf r u smokn
They should listen more to the dude who actually knows stuff. He tries to get his line in with the extra fee you have to pay for all goods, but they don't hear him. For each liter of petrol you buy in Norway, for instance, you pay 8 kroner to the state, 6 kroner to the oil company and 2-3 kroner to the gas-station...
So yes, we have quite low tax, but stuff costs money. Denemark has lower fees on goods, and higher tax. And also: Americans sould read up on the difference between a totalitarian economy and a welfare-state.
The first error here 7:44 "The US is still the greatest country in the world" , that's not truth
All the people in the comments saying Norway isn't socialist they're capitalist, but when some Americans advocate for the same free healthcare and education you call us socialist. You're pretty deep thinkers.
U need to come visit Scandinavia post corona and do an investigation series. I recommend u get in contact with swedish youtuber Henrik Jönsson, he has alot of informative content on Sweden available in English.
Joe Rogan had an interview with an economist of some sort that emigrated to Puerto Rico to avoid American income tax, his comment on Sweden as an expert in finances was that Sweden is more capitalist than America! Sorry I dont remember the name of him.
Maybe Peter Schiff?
Canada.. oh, USA. what's the difference ;-P
the school shootings
I live in Norway(dual citizenships) and I am an ultra capitalist,the taxes here can be outrageous(the VAT tax) but there are ways(legal ways) to get around those quite easily especially for financial gains.
Also Norway and the other nordics are in no way a socialist cuntries lol,they might have some welfare programs similar to other european countries..but the financial industry gets a lot of leeway.
“US is still the greatest country in the world” LoL 😂
Getting harder and harder to say that everyday.
It literally ain't, I really wanna move to Norway now lol
I hope the guy said USA is still the greatest country was making a joke I don't think he believes that.
What's the difference between Norway and Sweden you ask. Well... Norway is safer, cleaner, richer and more expensive. /Swede
Well, Sweden has IKEA, surstömming and Pippi Longstocking though ;) /Norwegian
Yall are so insanely american
-Sincerely a Norwegian🇧🇻
US is still the greatest country in the world? Great in what?
Having the highest number of millionaires and the highest homelessness rate
Or
Being forced to pay tax even when you are no longer leaving in the US?
in norway taxes work because as soon as i get my money, i spend it. when i spend that money. the very same money get taxed again and again. the goverment basically gets back 25% more of whatever was left. every time i spend it, i have to pay taxes either directly or indirectly.
How dare you say USA its the greatest country on the world having Norway statistics righ in from of your face?
@Al Gore
Explain that to me..
I'm not sure about that anymore.
First of all. You need to do some more research😊. Norway has about 50 top tax above approximately 70k. Also, it’s true the oil money is going in to the “oil fund”, but we are using 3-4 % of the return the fund is gaining annually. The size of the fund It’s about 250k for every Norwegian if we delivered it out to everyone. That includes children and all inhabitants of Norway.
This deal includes free education, free healthcare and descent pension/retirement.
Also we have set budgets for health care. That means that we don’t have expenses that we don’t want the cost of.
An example: if you are 70 years old and got cancer you might not get ultra expensive treatment to prolong your life for some few years if it’s impossible to cure you. In a free healthcare system a life has a price. The price varies with conditions and age.
With insurance in Florida I might get the most expensive medicine in the world if my insurance pay for it. Maybe even if it would give me a few more months to live. That’s why healthcare is so expensive in the us. Over treatment of dying people.
Do your homework first. You don't know what you're talking about.
Why need to, got a big enough mouth and make an entertaning clown... big money💸
Americans finding out they are not living in the "greatest country in the world". LOL
You say the U.S is the greatest country on Earth. But at what though? What specifically are you guys so great at? It's not like you top the list of anything. Well except military spenditure and people incarserated. But besides that, the U.S doesn't really come out on top, ever.
Best infrastructure, most opportunity compared to every other country on earth, best music, best entertainment, best clothing brands, best universities....the list goes on pal
@@dwaynejohnson3656 half of the things you list here are highly subjective. what you consider the "best" music,entertainment and clothing brands, I might detest.
As for having the worlds best infrastructure: The U.S is ranked 13th, not even close to best.
"most opportunity" your country is ranked at 28th for social progression opportunity.
Universities are among the only things you can actually claim to have a high ranking standing with, but there are plenty of other countries with elite schools at every level.
The list really doesnt go on "pal", if you actually do some research on this topic you are bound for a rude awakening.
I`ve got more family in the U.S than Norway where im from, I love the states, but the states has some serious issues and your populations ignorance towards whats going on outside your boarders is almost comical.
@@dwaynejohnson3656 The U.S is ranked 13th in infrastructure, you barely place 4th in terms of best universities, you're the 53rd most free country, and your literacy rate is dogshit. You do produce some dope music though, ngl. "Best entertainment and clothing brands" is irrelevant.
The USA is the backbone of the west.
@@jjsmithlago1234 if by "backbone" you mean, the single biggest perpetrator of drone bombing its "enemies" to smithereens then, sure.
if ure talking about financial backbone,then your country is currently closing in on 28 billions in debt.
You dont produce anything in your country anymore, your biggest companies all produce their products with slave and child labor from the east.
Your population have an insane percentage of obesity and elected a reality show star as its highest official.
You last election had countless people believing insane conspiracies that a 5 year old could debunk in 10 minutes, which ended with a massive crowd storming the capitol.
Backbone of the west, more like laughing stock and something for the rest of the west to point and laugh at while telling our self "at least we aint that bad"
I'm glad to see KAi on the table. 👍🏾
What a beautiful response from Norway.
A superpower a essentially a bully. Why don’t you smh at your glorification of ruthlessness? Refusing to nuke other countries is admirable not something to strive for. I see your smh and raise you two smh’s
100% agreed with the fact that our government is our money manager and the Federal Reserve, also the top marginal tax rate is 46.8%, in Norway
Every interview is more explosive thanks Pat to you and your friends
Norway is NOT socialist. It is a capitalistic country where the government takes control over the markets that don't work on its own due to monopolistic competition. For example, healthcare does not work on its own, because everyone is willing to pay as much as they can. Thus the government is the best at taking care of that because they aren't looking for a big profit. Private healthcare providers exist in Norway as well, but they are forced to keep their prices low as they have to compete with the government. So in that sense, Norway is actually MORE capitalistic than the US as they protect the free market and aim to make it as close as possible to perfect competition.
That's it, I'm moving to Norway!
Sorry, we have closed our boarders. This is due to covid. See you sometime in the future.
As a novist on economy, being a Swede I don´t think we tax the middle and low income that much. But the higher tax earners get like 50-62% income tax. Witch makes them leave the country in some ways. So I don´t know. Good topic to bring back up??!!
Awesome commercial Norway is really stirring the pot now
They don't have an Army.
@@swoopes7777 I'm not sure what you meant when they you said they don't have an army
@@swoopes7777 In a world of economic and cyber warfare, their power is plenty strong enough.
@@SuWoopSparrow Tell that to Russia and Putin
@@savannahmanzone3394 Norweigan Army Size: 38,812: (2019): 8,812 military personnel; 30,000 reserves; --- This is what I mean. They sacrificed security for education. Americans aren't willing to do the same
Why are Americans so quick to dismiss everyone else's systems?
There is a neck beard at this table.
My 33% Norwegian Tax is equal to Americans State Tax, Federal Tax, 401k, All Health Insurance, FDIC, Unemployment Insurance, Retirement, 100% Medical, .....I do that ALL with 33% of my Paycheck.
As an American. This is gold. 🙈🙉🙊
Kai Lode sounds like a Norwegian name.
Anyways, The important numbers here are simply.
Norwegian government budget is 50% of GDP
US governmentS budgets are 35% of GDP.
Furthermore, US spends 18% of GDP on healthcare, this is 100% included in the Norway Number and only partially included in the US number. So ultimately the spending isn't too dissimilar. Furthermore norway has 3 weeks paid vacation during the summer, paid maternity leave for both parents, universal health care, free college and university and a whole bunch of other things.
From afar it seems to us that you don't get this because you choose not to have it and you don't get it working because you choose not to make it work.
Compare Norway to China is a bit too rich!
*"Like a nicer version of China."*
*"That's Sweden." "Well, what's the difference?"*
Ah yes ... U.S. ignorance. No wonder so many from the U.S. say they're Canadians when they vacation in Europe 😂
I’m an European. China is a second world country dictatorship with concentration camps. Norway is a first world country with a democracy where it’s citizens can criticise their government without the fear of being locked up!
Yeah, especially considering that Norway has the officially highest rate of freedom of speech for the press in the world. We all know how China loves freedom of the press.
THE OIL REALITY ! ! ! ! Norway sit on a literal SEA of Oil, the Brent Sea. It has been calculated FACTUALLY that Norway could give each citizen full salaries for everyone for 5 generations.... THEN ANOTHER TWO! Soooo, the next time a rookie attempts to compare Norway to the US, please tell them to compare a piece of orange to a led pipe.
Norways economy is built on fossil fuels.
Average tax = 55%
Income tax 30 %
VAT 25 % ( This is basically extra tax you pay for everything and whatever you buy. That is why Norway is one of the most expensive country in the world. )
(I live in Norway )
Your numbers are nowhere to be found in any statistic. That you live in Norway and think it is so is even more frightening. All countries in Europe have VAT. In Norway, it is 10% on services, 16% on food and 25% on other than the average in Europe with less social benefits. The average income tax is 24.7% about half of Denmark and far down the lists in Europe. Pension savings are then included.
@@lpdude2005 So in your calculation Vat+income tax is 42% (IN REALITY it is much more but its ok,i dont want to go to details ) 42% is also too much. vat + income tax should be maximum 10-17 %.
@@Kenzopoint Oh well. How you have come to the conclusion that your number is correct I do not know, but we humans are very different and we do not want to have people lying on the sidewalk begging for money - therefore we have a country with great security. Taxes and fees in Norway are obviously very well valued nationally and for you as a person. In the course of a lifetime, you get back 84% of everything you have paid in taxes and fees - i.a. a very good old-age pension compared to all other countries. In the US, you get back only 19% of your payments and taxes and fees are not far from the Norwegians who are otherwise low by European standards. There is broad agreement in all political parties that we do not want to lower social security - free health - free school, 100% sickness benefits, etc.
@@lpdude2005 We don’t get 84% of what we paid in tax. I pay around 50.000 $ income tax yearly which is almost 45% of my income. So in 70 years* 50 = 3.5 million dollars in tax . How do i get 84% of this money back?
So i pay 3.5 million $ income-tax (35 millioner kr ) to Get free healthcare and free school (which is not 100% free and the quality sucks ) and you call this free?
(Iam not even counting Vat, payroll tax, and lots of other tax you don’t mention.
Free healthcare,free school , free money is a big fat lie.
@@Kenzopoint You're doing well - It's almost unlikely that I'll explain a system to you and that what I'm talking about is average. Of course, you will not get back 84%. That you want a system adapted for you is understandable - so the Scandinavian model does not fit in your head. But 20 million people prefer it and for some reason you are here too. The best I can say to you is that you have the wrong focus. You never get anyone to support you in Norway - most and richest are actually happy. So if you want to earn more - then make sure and forget about taxes and fees - it's your reality based on democracy here. I also like low taxes and fees - but have a good standard of living and should never think about sudden health costs or how to plan my old age. I can use my life to live and have a good time with my children - then obviously life expectancy will also be highest. It seems to me that you only exist - spend your life on dysfunctional thinking and do not enjoy life. But I can be wrong.
With the amount of money they have and how few people they have, I see easily how they can be very idealistic with the services they offer their people, but in a country nearly 100x bigger, things get way more complicated. Plus what works there might not work in other countries from a cultural or financial perspective.
Medicines are in all pharmacies, doctors are in all hospitals, teachers are in all colleges, the structure is already here. All we need to do is cut out the middleman. Why do we need insurance companies to approve or deny what an educated doctor says I need?! We ALREADY pay (out the bunghole, I might add) for Healthcare but most of it is going to insurance companies (while their ceo's get fat, happy and rich off OUR MONEY) who turn around and deny our claims if/when they can (God forbid the ceo's make a penny less than they can!)
Why do we need to pay $150 PLUS for one college text book. Why do they require a new volume every year when all they've changed is a word or two. Why do we need to pay tens of thousands of dollars a year for tuition? Considering to have a decent quality of life a college education is required!
And exactly what is the reason we need to pay soo much for prescriptions that some people have to face the fact they can't afford the (life saving in some cases) medicine.
It'll be hard? There'll be hiccups? That's a reason to stagnate?
Why do ceo's deserve millions of dollars a year for essentially sitting on their butts or playing golf. They are sitting on their golden toilets holding the American populace for ransom. The "job creators" conveniently quit creating jobs unless they get their tax cuts... then, rather than reigning them in the politicians cow to their demands. This has to stop. Enough is enough!
Well, the thing is that this whole thing started before Norway found oil. And as the folks said in this video, most of the oil money we have are saved for a rainy day. A rainy day which we KNOW will come. Then we'll start tap into the sovereign oil fund. The economies of scale would also dictate that the US and other large countries would get a better deal than what we have... Synergy effects and all that...
The first one to respond to Will Farrels first ad was the norwegian prime minister, this was the second or third answer. It was 5 or 6 different answers all in all to all the ads WIll made.
Let's go to Norway!
Opposite with Norway, California ALONE has way more population, refuses to drill, business un-friendly, AND worst of all corrupted politicians and well fed unions.