Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo

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Uploaded on 05/02/2016

In which society is it easiest to get rich? Contrary to common belief, it is not countries like the US or the UK that create the highest number of rich people per capita, but Nordic social democracies like Norway and Sweden. Counter intuitive as it may sound, high taxes, generous welfare states and strong unions makes a better environment for the people who wants to earn huge amounts of money, than free markets, low taxes, and minimal government intervention.

Harald Eia is a trained sociologist who works in television with comedy and documentaries.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

Comments (5):

By elmar    2017-09-20

Where in the world is it easiest to get rich?

https://youtu.be/A9UmdY0E8hU

Original Thread

By btilly    2017-09-20

It was a tidbit that I ran across in https://www.youtube.com/watch?v=A9UmdY0E8hU which had some other interesting data points as well. Such as the fact that when you look at rich people per capita, it seems that social democracies like Canada, and Scandinavia create rich people more easily than the USA does.

For example if you look for people worth $30million+ per million people, Canada has 186 while the USA has 126. That's about a third more per capita.

And watching the video, you find that 42% of the children of the bottom 20% in the USA wind up in the bottom 20%. Very little of Canada does anything like that poorly.

Original Thread

By fergie    2017-09-20

No.

Norway has extremely high salaries, and income tax that is pretty much equivalent to California (about 1/3 of your gross salary after deductions), in fact Norway is one of the easiest countries to become rich: https://www.youtube.com/watch?v=A9UmdY0E8hU

You could argue that radical financial transparency is what causes this.

Original Thread

By willvarfar    2018-04-30

Here is an interesting related tedx talk about the proportion of rich people in Nordic socialist countries https://m.youtube.com/watch?v=A9UmdY0E8hU

Original Thread

By willvarfar    2018-05-04

In these kinds of discussions I like to promote this interesting TEDx talk: https://www.youtube.com/watch?v=A9UmdY0E8hU "Where in the world is it easiest to get rich?"

Spoiler: the talk shows that statistically the Nordic countries lead the world in millionaires and billionaires / capita, and in rags-to-riches. The talker offers the opinion that this is because its of the strong social safety net, education and healthcare.

Living in Scandinavia of course I like to hear this ;)

Original Thread

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