It's official - Denmark is raising taxes on saturated fat page 5

[Belforte]

I'm investing my hard-earned savings into profitable corporations which grow my wealth. (In other words, companies in China.) Society needs me because I am redirecting capital where it can be put to optimal use.

Well Grok as long as your not doing it through Goldman Sachs, who are the biggest welfare parasites of them all.

[norak]

The reduction in price is likely a subsidy. That is to say, your govt, in it's infinite wisdom, has decided to use public funds to help one group over another, i.e. chicken producers over beef producers.

I don't think so. The green keyhole symbol is a backed by the Nordic governments (Sweden, Norway and Denmark), but using the symbol is optional. Also, in Norway, it's the same company that owns the main brands of chicken/poultry and beef. This company is again owned by the farmers themselves. They choose to put a keyhole symbol on their chicken but chose not to on their beef. The price reduction on "keyhole" products is done by a few major grocery brand chains. The government or the producers is not the ones reducing the price, the stores are.

[Grok]

Denmark to scrap world's first fat tax

(AFP) – 7 hours ago
COPENHAGEN — Denmark said Saturday it would scrap a fat tax it introduced a little over a year ago in a world first, saying the measure was costly and failed to change Danes' eating habits.

AFP: Denmark to scrap world's first fat tax

[Mike in Virginia]

France is considering a tax on palm oil, for the same spurious reason: French lawmakers debate

[Mike in Virginia]

I'm investing my hard-earned savings into profitable corporations which grow my wealth. (In other words, companies in China.) Society needs me because I am redirecting capital where it can be put to optimal use.

+1. I am fully invested in China and (relatively) hard currency countries, plus physical precious metals. Zero investment in the US...I really don't want to commit financial suicide.

[jojohaligo]

That is what happens when you have a universal socialist healthcare system funded by tax payers...

I know eh? People are living so much longer and thinking up stupid stuff to do.


- nevermind - I didn't notice the dates on the posts

However, it's good that they scraped the fat tax.

[Dirlot]

Healthcare in the US is extremely expensive because of government involvement. In a free market society prices go down, not up. Before the government got involved in healthcare in the US, health insurance could be paid for by a minimum wage worker at the time. Ever since the government got involved with medicare and medicaid and tax benefits for buying health insurance through your employer resulted in completely destroying the industry.

Funny that one of the most expensive, least coverage heathcares systems that does not involve the gov directly.

[AlanC]

It's amazing how the American government DOES affect the cost of healthcare all across the world, not least via the FDA, as many countries follow FDA approval and other such diktats.



AC

[Paysan]

While everyone is getting their knickers in a knot, I'd like to point out that, in fact, Denmark is REMOVING the saturated fat tax that has been in limited existence for the past year. I knew it was posted on the BBC earlier.

Denmark scraps world’s first fat tax

[JoanieL]

Man, you guys are brave. I wouldn't put one red cent into Chinese stocks. Unless I played them like penny stocks. Which I don't do, so...