Part 2/11:
At first glance, Denmark seems to defy the rules of conventional economic wisdom. Income and consumption taxes soar, with income tax rates exceeding 55% and a VAT of 25% on almost every purchase. Yet, despite such taxing burdens, hefty public investments in health and education lead to an overall well-structured system that promotes growth. The secret lies in the tax structure and, crucially, in the trust that the Danes have in their government.