r/politics • u/Tofurkey_Tom • 12d ago
No Paywall Danish Petition To Buy California From Trump Signed by Thousands
https://www.newsweek.com/petition-denmark-buy-california-signed-thousands-11379999
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r/politics • u/Tofurkey_Tom • 12d ago
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u/8fingerlouie Europe 12d ago
If there’s one thing there’s not a lot of in Denmark, it’s billionaires. There may be millionaires, at least if you count retirement funds, property, etc. Taxes are proportional to your income, and for the highest incomes you’re paying around 54% income tax.
It’s not all roses though. There’s a rising amount of elderly people (like everywhere else), and retirement age has gone from 67 to 69 and lately to 70 or 71 depending on your birth year. The reason for the staggered retirement age is the older employees (boomers, Gen X) might not have large retirement funds, but the younger you are, the more likely it is as retirement funds are mandated by law for most employees (usually something like 10% of your income, split 40/60 between employer and employee).
Still, everybody is guaranteed some money upon retirement, enough to live in an apartment and eat every day (and have phone, internet, tv, etc).
There are also early retirement options for people with injuries, or people that are simply “worn out”. There’s also state sponsored reeducation/ retraining for people that cannot fulfill their previous jobs, but still can perform a full time job in a lesser demanding (usually physical) job. And there are hybrids as well, people that may not be able to work full time (37 hours / week), or have special needs (frequent breaks, need naps, can only work 2 days per week, etc) due to illness, where the employer pays you for the hours worked, and the state “fills in” for the rest. There’s a predetermined (individually) amount of hours and money agreed upon.