Is Denmark our Window to an Obama New Economy?
I was in Boston this weekend to visit my brother and to deliver a guest lecture to a college class taught by a friend and colleague. My wife and I had dinner with our friend and conversation eventually turned to the economy, investing for retirement, and to our families. It was interesting how these topics seemed to converge into a discussion of Denmark, of all places.
Based on interactions with his son, our friend facetiously mentioned that Danish workers “seemed to get 200 paid holidays” per year on top of six weeks of vacation. Apparently, his son and his family are often traveling around Europe as tourists. They report high levels of contentment because, although taxes are high, health care and college education are basically free, taking huge spending and saving burdens off the finances of young families.
Although we are hard core free-market capitalists and low tax advocates, my friend and I had to agree that his son’s situation had a certain appeal for folks like us who are closing in on retirement.
On the trip back from Boston,%C