Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo
Вставка
- Опубліковано 1 тра 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 ted.com/tedx
this guy has brilliant comedic timing
He might be the top comedian in Norway trough the last 20 years.
Well he is a comedian
UndisclosedTalent He's a comedian in norway😊
That's weird, considering he's a comedian.
in case you still dont know after 4 people telling you the same, hes a comedian
What an engaging and entertaining presenter!! He knows how to capture the audience while being incredibly informative.
Agree agree
What is your name
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA..
Too bad the numbers he uses are not proof of what he claims. There is much more data to be analyzed.
@@TheNobodyZone He is a professional comedian foremost and has barely worked as a social scientist. Hence why his research includes more humour than science.
*easiest way to get rich ... get a job in first world country that you can do from anywhere and move to 3rd world country and live like kings
Example of a good paying remote job plz.
Zarfan Hussain any kind of e commerce site , freelance graphic designer , data entry , some engineering , customer service I’m sure their are more
@@zarfanhussain Loads of high paying IT engineer jobs can be done remotely if you have a decent internet connection
@@zarfanhussain Programming.
@@hypnoosipolku how do i find one?
This presenter is super brilliant! He is really calm, I really enjoyed his humor. He presented all the fact without having much stress on audience.
Facts? ... which facts? Do you believe him because he says it or because he has charm or some other spurious reason?
Didn't you notice how extremely cherry picked his data was?
I suggest you don't believe anything others say and do your research.
@@warpeace8891 Found the American.
@@warpeace8891 what facts?
Answer : All presented facts.
@@SwikingSwe - I do not believe he is American unless you are referring to me. In which case you are wrong again. Feel free to be wrong endlessly like your attempt at a sentence (also wrong) and this video.
Or you could try finding out some information for yourself and enlighten yourself rather than having it spoon fed to you by other people.
@@warpeace8891 Do you have any examples of claims he make that are not factual or any of his cherry picked data?
He forgot the government efficiency. Brazilian government huge taxes and nothing comes back to population in terms of education, Health or anything else
Government efficiency? The people are good, not the politicians. I can guarantee you Brazil have better politicians in Sweden. Our politicians doesn't even have educations, whoever wants to be in the parliament is allowed to. Syrian Mafia have planted 2 people there, also an islamic fundamentalist who supported terrorst groups, many criminals and many people who didn't even study at high school. Thank God Swedes are honest, smart and hard workers.
@Lucas your taxes are not that high.
Maximilian Wicén The problem with the taxes here is the taxation over taxation, so the prices get high
***** Try googling Swedish taxation. And don't forget the tax on fuel, tobacco and alcohol. Also VAT, payroll, income, high income, capital gains, company tax.
Maximilian Wicén Hm, we have by far the longest and most complex fiscal legislation in the world. We have VAT for the states (taxed twice), VAT for some cities and to the central government in one product only. So, we have income tax, house tax, energy tax, water tax, consuming tax, living tax, the sobre tax over the material used in transportation, work and logistics, food and medication is taxed too. And we have the bureaucracy that is insane. We have double income tax over companies profit, over companies manufacturing, and over the income of the employees.
Serious topic, presented with a good touch of humor = a classic !!
...still good to watch two years later
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
I've been binge-watching TED for quite a while this evening and there have been many worthwhile moments
But so far the greatest has been learning of Kant's quip about the dove in airless space
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
He treats a so complex affair in a comedic way. In such a way that boring things turn into easy and light.
The whole premise of the talk is comedic.
He studied social science and since became a comedian. One of the top comedians in Norway.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA..
Sure, not boring, but lacks depth.
Joe Rogan should invite this guy and Peter Schiff on his podcast, smoke a blunt and just watch them go at it
yes
you got it
Peter “I am the 1%. Recession and total collapse is coming.
Buy gold” Schiff
😂😂
@joeroganexperience
The funniest part is that this guy is original a comedian
Not only is this an intriguing talk, but it is also an important talk. Great research! Brilliant mind too.
cool indeed....might be the first ted talk that i really enjoyed hearing
Thank you. By reducing the gap between rich and poor you have a moving economy. A moving economy with people's quality of life at the center along with the environment is the best thing our human societies can accomplish. I honestly hope more countries understand and adopt this incredible system.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA..
@@ninjapirate123 Indeed, but the issue here is that there shouldn't be any billionaires. There should be a focus on how to raise quality of life for everyone. Automate more, work less, and grow sustainably. We don't need fancy cars and huge houses to be happy. We need to be real with each other.
this was the message of the prophets
But they also forget to mention culture, scandinavian people are very serious when they work
@@ninjapirate123 What in tarnation are you going to do with a billion dollars? Once you earn $75,000 per year, there is no increase in happiness by earning more than that.
He's fantastic. I would love to watch him live.
Amazing. Thank you so much. i love his program "sånn er Norge"
Love his comedic presentation.....I never once got bored!!! And I agree with him fully.
Scandinavian societies "are not anti-rich or anti-capitalist systems" 15:00 "Welfare state and the unions work in tandem with capitalist dynamics"
You have to tell that to our south american polítician.
Wrong Sweden is going broke
@@BinanceUSD it's not true
@@JonSmith-ov6oy But welfare is strong and so compared to Usa they are "socialist".
@@BinanceUSD we are not?
I'm curious to know the proportion of people that went from "riches to rags" in various countries, think that would also be an interesting indicator of social mobility.
+jethreezy Good point. According to the paper I got my numbers from (table 12 in ftp.iza.org/dp1938.pdf): From riches to rags: Scandinavia: 15%, USA and UK: 10%. Interesting detail: from riches to riches almost identical in Scandinavia and the US: around 35%.
Harald Eia Very interesting, so it would appear a "glass floor" of varying degrees is very much in place in these countries.
By the way, I really admire your work and enjoyed the Hjernevask documentation series you made.
+jethreezy Thank you so much! About the "glass floor": genetics also have an effect, of course, so even in a society with no discrimination, free higher education and no heritage, class differences will - to some extent - reproduce themselves from one generation to another.
+Harald Eia Great talk and stats! I wonder about the differences within the U.S. though? U.S. billionaires more commonly make their fortunes in the states of California and New York (3.2 and 4.7 billionaires per million inhabitants). Interestingly enough, these states are also known for being left-leaning by U.S. standards with high taxes, stronger unions (e.g. new $15 minimum wage), and at least a minimum to half decent safety net. Bernie-land, generally hated by conservatives. Education not free of course but community college and grants can get you going.
Singapore is the number one in rags to riches. Then Hong Kong
Amazing. Thank you so much
Amazing Amazing Guy with a lot of sense of humour and very informative.Thanks you Scandinavian Man.
What a great demonstration of what egoistic altruism can be like! I have always felt extremely fortunate for being born in Denmark, and it's not just the economy that matters. Free healthcare and free education (not just free education, since I actually get paid for taking an education) is something I appreciate so, so much.
I totally agree.
Dude, you get paid to study wtf?
@@rohangarje5886 Yeah, it is pretty awesome. My international friends also react the same way lol.
@@rohangarje5886 You should see the situation of having a child in Japan.
Doctor: "The bill comes to $128".
Jubilant father: "Oh, that's pretty cheap, lemme grab my wal-..."
Doctor: "No sir, this is what you will _receive_ ."
Now compare that to the 10-30K cost in the US with a $40 price tag on holding your newborn.
@@rohangarje5886 same in Sweden (guess Norway as well)
Im danish, i got kinda sad in the beginning, until he revealed that we're top 5 xD
Love this talk. Thank you
i love wisdom wrapped in humor. Nice presentation and thanks for sharing
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
This is probably the best ted talk I have ever watched
The Norwegian accent is amazing, you guys always sound so happy! Here in Sweden, we love to say "Jeg er så deprimert" ("I am so depressed" in Norwegian") in an overly happy Norwegian accent.
LOL, it's mostly the eastern part of Norway though. On the west coast the dialects and 'sing-song' is more depressive.
Det er sjovt hahaha :D
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 Stop buying avocado toast and $5 lattés every day, you lazy 20-something. Pull yourself up by your bootstraps. Get a job and stop playing Minecraft all day.
@@test-ne6gf You don't get how much homework I have to get a job during this time
Ok my idea
Step 1 Get education from Norway
Step 2 move to America to avoid taxes
Step 3 profit
STONKS
@stan G not by some crazy American? 🤔
@@sebastianstark3224 Get shot by who? A muslim? In America, the land of freedom, we can own guns for self defense.
@stan G easier to get killed by a crazy gringo, but then again, I dont go to high school anymore so I should be safe 😎🇺🇸🇺🇸🇺🇸🇺🇸
Actually I got an excellent education in the USA due to our free libraries. I went to college, but already knew everything they taught, I just wanted the piece of paper.
One major factor was left out is that we are seeing global inflation . I saw it in the news that most countries are all competing for parts , products , food, OIL etc. Even nations that managed their rates better are seeing major issues . The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role . Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare . I known the intention was to explain inflation but that doesn’t do justice to the current inflation on a global scale......
U.S inflation hit 7% in December, fastest pace since 1982 . Consumer prices in Germany rose by 3.1% in 2021 . France shows a 12 -months inflation rate of 3.4% the highest since September 2008.
@@PhilipMurray251 I think we need to stop softening the blow with the word “recession”. This is going to be a depression. 4 top economist agree on this. When the market reached high in mid 1930 it took until mid 1932 to reach the bottom. people can’t buy when they have no food, the trucks don’t have DEF to mix with the diesel to run (in all diesel trucks newer than 2009) No trucks-no food-no fertilizer.
@@marianparker7502 In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Nicole Ann Sabi!n" whose skills in portfolio diversification are unmatched and client-centered.
@@Robertgriffinne The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look, thanks a bunch for sharing this Web.
@@Robertgriffinne what is the internet site to go to to get info
You can retire at a young age if you invest wisely on time, Most times it amaze me greatly the way I moved from an average lifestyle to earning over $63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets, The only thing is to know where to focus.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@susanhaynes679 That won't bother you if you trade with a professional like Mr Tony Alin berker my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@dralfred2400 You allow people to trade for you ? that's interesting , how safe is it ?
Wow I can't believe you guys are discussing about Mr Tony Alin berker, I once met him at a conference in California 2019, just before the pandemic. I can testify that is very good in trading..Highly recommended.
wow.... I didn't see that coming. I love the lecture
Refreshing talk. Enjoyed it greatly! ❤
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA.
One of the best, if not the best, talk ever!
He knows how to engage the audience and hold their attention . Love him
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA
@@ninjapirate123 I disagree with your statement. Riches peoples who are using all means to avoid paying taxes while the average earns are the ones paying the large amount of taxes been impose on them. That's not fair
15:00 "the welfare state and unions work in tandem with capitalist dynamics” I can see this as I've had some friends in Norway who muscled through (free) school and now is a high paid working professional. they may have complained about taking loans out for living expenses but they didn't have to struggle with a high interest school loan after graduating. imho, education is one of the best ways for social mobility. great video, thank you for sharing.
Yes, we've seen this time in and again through out history, in both developed and developing nations. Education = Opportunity.
People that argue against that, based on mere antidotes, don't have a sense of history or society.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 Did you watch the youtube, I think it says the opposite.
@@jasonmiddleweek1509 I didnt
The Scandinavian countries have had uniquely consistent cultural values in which some sort of income redistribution is not as harmful as it would be in other cultures. They are also small in population. All but Sweden have fewer residents than New York City. But let's see how things continue as they open up to more immigration, and as young people lose the work ethic of their postwar grandparents and parents. But note that they are NOT socialist countries. They have a combination.
What a Presentation! Man, you nailed it.!! 🤩👊🏼
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
the norwegian accent is the best... there is built in comedy in it. its so damn ironic and so subtley fun. love it : )
The girl was so fine... I don’t blame the camera man
Dem white girls!!
when?
@@VinyZikss around 10:35
Billy Larkin There’s no f*cking girl. That’s his uncle!!
Damn white girls!
I'd say it's "Here in my garage"
I get the joke, but a lot of the rich people i know about have started in a garage.
Thomas Andersen I can just hear Tai's voice perfectly when I read that
Knowledge!
knowledge??..... OOH! KNALEDGE! rightright. KNAAALEDGE
1 book per day in my Lamborghini
Excellent talk. Much to think about. Thank you Harald.
Brilliant (and hilarious)! Wish every politician would heed its message.
David Mayer David I thought about his message but I do feel it’s incomplete. Just like statistics and studies can be manipulated due to a bias it’s sometime important to look further into government and circumstances. For example immigration plays a large role. Millionaires Per capita may be skewed by 1st 2nd or 3rd generation Americans vs Scandinavians that may be in the country for many generations
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
One of the best lectures in tedex..congrats..very good you are and very intersting info you have share
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
A discussion as to where the taxes are being spent might add some clarification to the implications that high taxes are in themselves beneficial. Example, here in the US taxes are relatively quite high for the middle class. The analysis might benefit from asking where is the money going? Military industrial complex, bailed out banks, prison complex etc.
It would be interesting to see a lower tax experiment with excellent book keeping and little waste combined with high social freedom vs the socialist models? One.also might compare the value created technologically speaking is greater.
lower in the us you can't it's already low lol, but yes less in military more in education
@@Louis-qo7tf no it's not. The taxes in the US are among the highest in the world compared to what you get out of it, i.e. nothing.
What's social freedom...?
@@465marko Social Feedom - the freedom to die from hunger ,homelessness, no healthcare or being shot by a mindless right wing moron with more guns than brain cells
Excellent book keeping is utopian dream. Power tends to corrupt. Simple but powerful adage
In Norway we have a concept called "freedom under responsibility". It only works when people are actually responsible. But it gives people more freedom than in countries such as the United States. For example, you can do your job the way you want without the boss caring about what you do. As long as the job is done.
Very interesting. Is there a study like this that's focused on middle class income and standard of living?
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
I found myself several times wanting to hit the like button, only to discover that I have already done it. So hilarious and so interesting!!
You probably write 5 page yelp reviews
@@HWM636 you probably think I care about your opinion.
camera man perving out at 10:36
He got caught!
Nop! its a sample
Vanlife with Dave2D 😂😂😂
can't blame him
I'm not mad at him.
I wish Harold would have reviewed the production and unemployment rates in these countries too. I did enjoy his perspective.
US and Norway has about the same unemployment rate, but we count our unemployed that does not go back to work much longer! Getting disability in Norway is a long and difficult process compered to the US!
The humorous way u explain was the best ❤️❤️
Wonderful lecture, just wonderful.
Brilliant thank you.
As a Norwegian its so great to have lecturers in Scandinavia that have a trustworthy education and reliable studies. The focus is not on the person on stage, he simply shares knowledge from plenty of educated people that are involved. I can never trust a lecturer that are American, because it seems like theres 100% focus on a oblivious person on stage where i never see a sign of a reliable education behind. They can scream all they want with the biggest passion, but they simply never teaches us anything, while everything in a lecture from Scandinavia is always a result of an educated study, not from one persons ego
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 then why does Scandinavia and probably most of EU not care a thing about USA? Theres noone who has any interest- or says anything good about USA other than in the topic of a joke or something to make fun of. Theres no need for billionaires when the cost of that is other people suffering and when most of that money goes to meaningless causes anyway. They have always had population with a lot of rich, and a lot of poor, which is not a good balance
From an America TED watcher it open my mind frantic education. 5 Star all the way up.
Great speech. Funny, understandable, informative. Thanks
he`s one of Norway biggest comedians over the last 20 years if you have not already noticed
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 If not overtaken by war, China will surpass the USA in the number of millionaires and billionaires. Cause: the past difficulty of the Chinese under un-free communism is a very powerful force that serves one of the motivations the Chinese are now exhibiting.
@@kokoyyu579 Thanks for the info, I now know
Very interesting and enjoyable presentation!
One of the best Tedtalks I have ever seen.
Scandinavian countries should be more an ideal for workers and states than U.S.
Excellent explanation. Tqvm
10:35 made me feel I was caught staring
She is a known skeptic and a great journalist.
Oh I thought it was a random audience member. What is her name?
twitter.com/Ingeborgborg
she looks cute.
hahahaha what a great comment
"A Scandinavian economist once said to Milton Friedman, ‘In Scandinavia, we have no poverty’. Milton Friedman replied, ‘That’s interesting, because in America, among Scandinavians, we have no poverty, either’. Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7 per cent: half the US average (US Census)."
kejsarmakten you’re comparing Americans with Scandinavian ancestry to Scandinavians. Are you saying that Scandinavians are simply less productive? If so, you need to provide evidence.
@@drewpocernich2540 Why would less productive people have lower poverty rates? The point is that the Scandinavians have, or did have, an usually exceptional work ethic, a cultural factor that predicts their success outside of the Scandinavian system.
theminute man how would you prove that? There isn’t really a way to prove that. For example, psychologists know that the environment you are raised in has a large impact on your psychology/philosophies. Therefore, how could you link “people with Scandinavian ancestry” to actually Scandinavian people. Here’s a hint: There are very different culture in the two countries. Culture doesn’t exactly transition from country to country perfectly so you might have to drop that assumption (on top of that, how do we know that all Scandinavians are the same? Are there bad apples in the bunch? To top that, 6.7% must have been half the poverty rate at the time of this study, so we’ll just accept that as fact. Even then (if we were to discount the contradiction about culture earlier), this study still has flaws. How much Scandinavian ancestry did the participants have? If it was any less than 75% it might be a little counterintuitive (Simpson’s paradox). I conclude that there are a few too many confounding variables in this study to say that it’s in any way conclusive.
@@drewpocernich2540 Lol it's not biological. It is cultural and I assume that you aren't from an immigrant family because then you would know that immigrant families have similar cultures to those of their origin countries. As for how we know that Scandinavians have high work ethics (or did), there's a standardized set of Likert scale questions asking questions like how much do you agree with: "It is okay to steal if I need it" or "It is moral to call in sick if I am not but don't want to work".
To conclude, you conclude nothing because you literally have no idea what you're talking about. I'd guess you're a middle schooler pretending to be educated by using the biggest words you know without knowing what they actually mean.
theminute man no, rather I am asking clarifying questions about the study. First off, I have a hard time believing people would actually answer “yes I believe it moral to call in sick if I am not but don’t want to work” partially because of sub-conscious bias towards oneself (imagine the following scenario: people realize that the study is about something along the lines of merit because all of the questions on the questionnaire are about that topic and thus their answers become different from their actual thoughts because they think “if I answer this way, I might be taken off of social security or some other program like that. This is why scientists will add illusory questions to mislead participants. That way the answers are more firmly coming from a sub-conscious plane of thought). As for psychology being biological. It has been proven that psychology is at least partially linked to genetics. This is because certain genes can make certain parts of your brain more active or less active. This is important because certain areas of your brain have different functions releasing different hormones which elicit different emotional reactions. The release of such hormones are caused by the firing of neurons (see also: theory of psychological evolution). Outside of this, we also have more anecdotal evidence that psychological development is environmental in nature (learning or nurture in nurture vs nature). It is still at least partially unknown how this area applies to our psyches as the evidence is anecdotal in nature. Something interesting you could research in your spare time is really low base sounds and their effects causing things like schizophrenia. You could further ask questions about whether “Scandinavian are that great of a constant in the equation, or “how does culture change through generations?” That was at least good for a laugh (I’m in college btw). There is definitely still a lot of research that needs to be done.
Just BEAUTIFULLY Presented 👌☺️
For those commenting on this presenters comedic timing. He is actually a very famous and very talented norwegian comedian. One of my favorite infact. Very funny and intelligent guy!
Master of edutainment
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA..
That ending was incredible 😹
Most people's financial goals are to be financially independent which you can usually do with $1-3m net worth using no social safety net, so the question from most people's perspective is where in the world is it easiest to get $1-3m net worth. Wanting to be uber rich is an illness.
I think the Numbers would be about the same
That is the cost of a new patio in the garden or a new bathroom for a Norwegian family. It's just too little. It's expensive being Norwegian.
I used to watch Harald Eia and Team Antonsen after watching scary movies when I was a child. He is a brilliant comedian, and he always makes me smile. Super cool to see him on Ted!!
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
This guy has been the host on a lot of tv programs, and has been acting and doing comedy. (In Norway)
He started as a sociologist, became a comedian than produced a series of documentaries, “Brainwash Norwegian “
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA.
Very interesting...
Not at all, he totally ignored the fact that according to facts, nordic countries have very free economy. Basically they are free market capitalist countries. One of the top most free'st countries on the planet.
I am from Norway. This is a norwegian comedian pretending to be an economic expert.
Tommy Strand I am from Norway. This is a professional sociologist, currently working in entertainment, presenting cold numbers, statistics from renown sources, what I would call facts, in a comedic way. This has nothing to do with economy, it has everything to do with policies and the consequences of different political choices in a society.
But misleading! You cap salaries for your most talented and competent workers to "subsidies corporations", then you tax the worker at a high rate, and you are telling me that is a good thing?! You really think that salary caps and high taxes lead to upward mobility?? No, those policies are designed specifically to create Social Justice and Income Equality, which is the antithesis to upward mobility. Correlation does not equal causation. Good try, though. It was almost convincing.
Couple of questions for this entertaining speaker:
- Beyond 'free' education (underwritten by taxpayers, of course), how competitive are these countries in the open market?
- What (commercial) innovations come from high-tax/low(er) income states?
- What areas of study are most popular within free post-secondary institutions? (There're only so many jobs for social workers and gender studies grads)
- Since the 'rich' have always necessarily been in the minority, what about the middle-class populations in these countries? Speaking to the finite # of UHNWIs is interesting, but hardly indicative of how the vast majority of us live.
1. Heart Rate Monitor - Finnish inventor (basically all wristwatches you know today have their origins from this innovation)
2. The speaker - Danish inventor
3. Three point seatbelt - Swedish inventor
4 Lego - Danish inventor
5. Tetra-Pak - Swedish inventor
6. The zipper - Swedish inventor
7. Dynamite - Swedish inventor
You just gave me a great idea for creating an interesting youtube video for our subscribers, thank you.
@@hollmerusjourney2304 you forgot about Spotify 😂
Great talk. Important truths about economics.
Have u read the book 'rich dad, poor dad'?
@@aerogamer1 I read that book about 20 years ago. I thought it was great at the time. The only thing I remember now is, buying things like a house or a car isn't an "asset" as these things are called, it's really a liability because they cost you money!! (Unless they're making money for you).
@@465marko yeah it's a good book. it helped me realise poor vs rich mindset.
Enthralling presentation, I loved this❤
Just have a look at how Norwegian Air company was restructured in a very logical way. These countries do a much better job at maintaining proper free market function.
that was really good!
I watch this video only for the purpose of improving my English .along with my improving English it's give me a information .this guy talk very good easily understand .
Me too! And It is why I'm eager to learn English. So many good quality informations exist by English form!
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA..
Wonderful wonderful humor, and a good educational lecture THANK YOU Take Care Raymond Cassius Sananda Denmark
Thanks for the speech.
I agree, all debts, especially student loans are only good to keep you back and limit you on finishing college with a degree. I've been in college about 5 times and most of the time I've been forced to drop because not being able to cover the tuition.
Free education would allow everyone including mothers and blue collar workers to achieve their full potential.
Overall more education the better. But bc of subsidies in the US, now everyone goes to college, and a BBA is now the equivalent of a high diploma in 1980. Everyone has one. It used to be that could get you ahead, now you're just not as far behind.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 It's hard everywhere lol
@@Louis-qo7tf Mostly in USA u are more likely to be a billionaire but it depends on luck
@@ninjapirate123 0,00001% great dude doesn't represent the general population
Where in the world? In the home of a rich person, as their child.
😭😭😭
Marry a rich person is the fastest way of social mobility. That's how they did it in the middle ages too
Unions vary from one nation to the next. In some countries strong Unions have been very harmful to productivity. You only have to look at the productivity of the car industry in the UK during the1970’s. The Unions were very adversarial and were frequently striking, which cause a huge reduction in productivity. In Germany on the other hand the Unions are arguably beneficial and behave very differently. This has a lot to do with cultural differences. In the UK there was a class war taking place between the Unions and Management.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
Depends on the culture, swedish people are calm and serious
@@ninjapirate123 Im not sure you even watched the TED talk. It is harder to become a billionaire in the US than many other countries is the point of the talk.
@@jasonmiddleweek1509 Im not sure you even read my reply carefully. I said it's so hard to become a billionaire in other countries except USA, which means it's mostly USA that makes you more likely to become a billionaire
@@ninjapirate123 The video debunks that.
Such a simple yet brilliant talk
I’m almost convinced. If you can prove those rich people didn’t move from other countries where they acquired their wealth then he has a pretty good argument.
I would also like to see studies on success of starting businesses in countries with high regulation and lots of legal paperwork vs less paperwork and little to no government or mafia interference.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
@@ninjapirate123 whoever is paying you to post this same comment over and over again needs to be congratulated
@@devinkk Actually, I made a robot to help me post this over and over again. I was the one who wrote the comment, but it was the robot I made who is copy/pasting this :)
@@ninjapirate123 quite obviously lol And you started your comment with "Actually" and everything! Amazing
@@devinkk My second reply, I wrote it myself, but the reply that was copy/paste, I only need to write it once and then ask my robot to copy/paste the rest for me
Norway people are the nicest, respectful people in the entire world. Extremely well educated, peace loving people, polite, ...... Scandinavians equals top list of very civilized people. And they rank the top of Cyber security moving over there :) love to live surrounded by good very civilized people
Hi, you can't say one country have nicest people in world. In every country you have nice, kind, educated and polite people, but also in the same country you have idiots...(In Norway also). So what i'm trying to say it's not smart to say that one country have the most polite people. Just saying...
@@Born4Gameing let me guess, this is your 'gut feeling'?
@@mightypensword My gut feeling?! I just said the truth, nothing else...
@@Born4Gameing I don't think what you said is the truth at all. I've been to a lot of different countries, and I've discovered that the people in some countries are way way more polite than the people in other countries. Compare Italy to Sweden, and you will find there is no equivalence whatsoever. I don't know Norway, but I lived in Sweden, and they are way more polite than Americans, on average. In Sweden, they hardly even look at each other. I know it must seem logical to you to think that people are just people, and all people are the same no matter where you go, but the truth is that the culture you live in can drastically change your mentality.
@Forex Life Seasons are good for your mental health!
Great sense of humor, statements backed up by numbers, generally true but still arguable.
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA...
Great talk! 👍 On the Social mobility slide the source is misspelled, should be "Jäntti".
Nice lecture. However, attributing the fact that it is easier to get rich in scandinavian countries to free education is misleading. He is just handpicking countries to make his point. Many other countries with free education have way less millionaires and billionares per capita than the US (Italy, Spain, France, Portugal, Greece comes to mind but there are many many more).
A fact that might explain the differences more accurately is the fact that the coorporate tax rate is actually lower in scandinavian countries than in the US (yes I know, hardly 'socialist' countries in that regard). Obviously there are many other contributing factors - low levels of corruption, for example, surely plays a big part too.
This is a great analysis
Corruption is a giant fact, I'm in a European country where we have free highschool education and government subsidized college education but the system is so corrupt it's laughable.
The population is a lot smaller too. If the US went to automation in many of those jobs the unemployment rate would skyrocket.
11:45 In Switzerland we also have high wages but are still very much cash based..
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA.
10:35 wow... I mean this talk was absolutely brilliant, don't want to take anything away from that... but damn son
Great presentation ... Almost perfect. Where has Finland 🇫🇮 gone at the end ?!? 🤯🤔
If you want to become rich asap, change your definition of rich
Top comment 👍
I feel like debunking some myths. its a common misconception that Norway is wealthy because of oil. While it is true that it has had an impact on our economy and it gives us more security if the Norwegian economy goes through a crisis. One must not forget that most of the profits we make from oil doesn't even enter into the state budget. It gives us great security as a nation, but we'd probably still be pretty well off without it. It's estimated that women entering the work force has generated more value than our venture into the oil business.
Fredrik valmestadrød seems somewhat true. but the fact that you have started to draw on your Oil fund to fund government expenses indicates that you either should increase taxes or cut down on welfare.
A small correction to Fredrik's post. The actual revenue from oil doesn't go into the state budget, just our national fund. But we have a rule that say that the extra interest from the fund can be used (not exactly the actual rule, but pretty much how it works). The limit used to be that 4 % could be used (but politcians tried not to push close to that because of "oil doping", and it has recently been cut down to max 3 %). So yeah, we save all our revenue from oil, and yeah we use some of the interest in our national budget :)
BennyDACHO. Yes, the immigration-account that the left fought against for so long, shows that the oilfund will not cover the cost of existing immigrants overuse of benefits and services, and lackluster employment. We have also given public servants pensions, that are not paid for. They too, exceed the pensionfund. So the labour-goverment have spent the fund times 2.
Don't feel
how?
I really like the talk, I ask myself whether the results are also statistically significant. As the iceland example shows. Does anyone have a link a related study?
Excellent talk 😊🤔
Luxembourg and Norway
Almost nobody becomes rich IN Luxembourg.
Rich people immigrate there due to the low taxes.
Absolute fabulous presentation! I believe that another component in the creating wealthy people ingredients list, is cultural homogenization. These Scandinavian countries (all with low population numbers) were up to 10-15 years ago (before the immigration trends of today) extraordinarily homogenized in their cultures. This makes for citizens who share much more in common and allows a country to focus much stronger on goals (such as a goal to create better and more accessible education) and achieve those goals as a result of it.
Luckily Sweden has provided a way to check this. Just wish we could fast forward 20 years.
Not really. Immigration started a far longer time ago to Norway than 10-15 years ago. More like the 1970's With immigrants from Pakistan, India and Vietnam.
The reference to Kant's bird is so cool!
Although I agree to some of his points, excluding Hong Kong and Singapore is biais. Although very small countries they have similar or more population than Denmark, Norway or Iceland.
Actually its not about social democracy its about the Nordic Moldel which has high income tax but does not tax companies and corporations much, neither real estate.
Well that is just wrong. We have high estate taxes here in Norway, companies pay quite a lot too.
Norway is not a social democracy, they are a representative democracy and capitalist. They just have more social services which they can afford thanks a lower national debt. The US is like a 28 year old lawyer who has the big car but still tons of debt.
@@youtuber6185 Social democracies are by definition capitalist democracies. Google "The Nordic model". Norway has good social services because
1. they have high taxes and
2. they have a lot of oil money which they use very responsibly (96% is put in their national oil savings while the rest goes to the national budget).
You saying "Norway is not a social democracy, they are a representative democracy and capitalist." kind of leads me to think you don't really know what social democracy is.
Happytown I said “Norway does not use Democratic Socialism.” , which is an economic model requiring the companies to not be be private and to be owned by the community.
Everything else you said is correct, they are capitalist with large social services and can afford to do so because of oil.
@@youtuber6185 Dude your comment is right there, I can clearly read that it says "Norway is not a social democracy" which is false. Social democracy necessitates a free capitalist market. You are correct that Norway doesn't run a democratic socialist system, which, as you correctly stated would mean a market socialist economy. Perhaps you got the two terms confused, as democratic socialism and social democracy have very similar namnes - but they are not the same thing.
We're actually seeing some good examples of what he's saying with restrictions caused by Covid 19 being a sort of catalyst. Lower wage earners who are now realizing their worth as new entrepreneurs with online venues like Amazon and UA-cam are not returning to their old jobs or demanding higher wages to come back. Good video Harald!
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA
Amazing talk! Bravo!
Its always USA that allows you to get rich, this is why there are more billionaires in USA than the rest of the world. It's so hard to become a billionaire in other countries except USA.
When i was a child and head that people in the US had to pay for school I was seriously confused. We get money when we are over 18 and in an educational institution.
10:40 Someone fell in love....
she's a famous Norwegian journalist.. uh.. i think. it's kinda dark to tell, but it looks like her
Here's the first research report that i ever found so interesting 😂
Very well put!
What an excellent talk!
At 10:39 the camera guy was stalking that lady in the audience and didn't realize his camera was being shown live 😂