Lars Christensen on Socialism in Denmark – Chapel Hill, NC

Monday, October 15, 2012: Carolina Liberty PAC was guest to a standing-room only discussion on socialism in Denmark, presented by the founder/CEO of a Danish investment bank, Lars Christensen. The presentation had the overall feel of a dire warning to Americans not to follow in the path of Denmark.

Some interesting facts that were made known regarding taxation in Denmark:

High taxation bracket on income tax kicks in at around 50,000 income (American dollars)
Capital Gains tax: approx. 42%
Sales tax: 25% on any item purchased
House tax: 3% of the value of your house annually
Vehicle purchase tax: over 200%

One of the most entertaining anecdotes to illustrate the point of how unfair a socialistic society is to the working class was that of the “no poor people in Denmark” debacle.

Last year, the far left party of Denmark was making an argument for increasing entitlements, which essentially entailed: give more entitlements to the poor and it will help them to get educated, get into the workforce, and eventually be on their feet and independent of the excess entitlements. Joachim Olsen, member of the right-wing party of Denmark, claimed (via a public facebook post) that there are no poor people in Denmark. This argument was countered by Ozlem Cekic of the leftist party. Mr. Olsen asked Ms. Cekic to find a poor person in Denmark, and a very public challenge was initiated.

The poor person that Ms. Cekic found – “Carina” – claimed that she has had to borrow money from friends/family in order to simply provide shoes for her child, an experience that she said was humiliating for her. The two party members visited with Carina to evaluate her poor “status.”

Carina, a 31 year old single mother of two children, one of whom lives at home with her, has qualified for government welfare since she was 16, and was still collecting entitlements at the time of the interview because of a psychological condition of anxiety, which she claims prevents her from working. She hoped to soon qualify for permanent disability, though she had no actual physical ailment.

Upon review of Carina’s budget, it was discovered that she receives over 15,728 kroner per month. In American dollars, it is currently equivalent to over $2,700 per month. After her monthly bills which include rent, utilities, internet, pet food & vet bills, private soccer lessons for her child, healthcare, cigarettes, and personal debts, she had only 5,000 kroner left for food, clothing, and housekeeping (or $880 American)! Sounds like a terrible life for the unemployed, right? Mr. Olsen concluded that if Carina had no money for shoes, it was due to poor budget management rather than lack of funds. This publicized debate was a real wake-up call for many Danish viewers, who realized that an unemployed woman, considered to be among the poorest of the poor in Denmark, has more take-home pay than many of the blue-collar employees upon whose tax dollars she relies.

Videos from Mr. Christensen’s presentation can be found on the Carolina Liberty PAC livestream channel:

Also present were NC Liberty State House Rep. Glen Bradley,’s Chuck Suter, and Leadership Institute President Morton Blackwell, who had friends among the NC liberty folks, as we previously got to know him during a North Carolina delegation meeting at the RNC in Tampa, in which he was present to give his opinion on RNC rule changes (as a senior member of the RNC rules committee).

Thanks to Terry McIntyre and Craig Holland Dixon for the photography, and to the Leadership Institute for having us!

Author: Nicole Revels


4 thoughts on “Lars Christensen on Socialism in Denmark – Chapel Hill, NC

  1. Of course he would have this perspective, though. He is an investment banker. Not exactly the typical profession of a socialist. Capitalism stratifies society, whereas socialists want to eliminate stratification by abolishing class.

  2. Pingback: Warning from a Danish expatriate! | The Locker Room

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