I could go on. Denmark’s budget deficit is soaring, now expected to be double earlier projections, and its levels of private debt are the highest in the world. With wealthier investors enjoying the growth of some businesses and stocks, income inequality is now on the rise. Want to own a car in Denmark? Taxes on a car purchase are 180% and gasoline is around $6 per gallon. Electricity rates are 3-4 times the average in the United States.
If it was ever right for the U.S. to aspire to be like Denmark, this is obviously not the right time. Denmark has run the economic experiment of progressive policies like those of Bernie Sanders (and to a lesser degree, Barak Obama and Hillary Clinton) for us and the verdict is coming in: they don’t work. You can’t suspend the laws of economics. You can’t expand a welfare safety net to cover an entire society. In a free society of 300 million people, getting to Denmark, other than for a pleasant visit to see Tivoli Gardens and enjoy some tasty pastry, makes no sense.