Surprising, I thought the deal with the Nordics was that you trade some income for better social security, but apparently they didn’t (or alternatively they are just that rich, which definitely checks out for Norway). Though it’s a bit unclear how this is counted, as e.g. Germany’s social security isn’t paid via taxes but a system of heavily regulated insurance. Germany’s ranking looks like the people who made these graphs counted those social security contributions the same as taxes, though.
It’s this one. They do tax highly - not necessarily the highest, but up there - but they’re also ranked near the top of GDP per capita and labour productivity. Oil definitely does give Norway specifically an extra leg up, but the broader picture is similar across all of the Nordic countries (although I’m not so sure on the Faroe Islands, and Greenland is quite different)
Surprising, I thought the deal with the Nordics was that you trade some income for better social security, but apparently they didn’t (or alternatively they are just that rich, which definitely checks out for Norway). Though it’s a bit unclear how this is counted, as e.g. Germany’s social security isn’t paid via taxes but a system of heavily regulated insurance. Germany’s ranking looks like the people who made these graphs counted those social security contributions the same as taxes, though.
It’s this one. They do tax highly - not necessarily the highest, but up there - but they’re also ranked near the top of GDP per capita and labour productivity. Oil definitely does give Norway specifically an extra leg up, but the broader picture is similar across all of the Nordic countries (although I’m not so sure on the Faroe Islands, and Greenland is quite different)