3 ms·
> They simply have no reason to prefer foreign domination The reason is they require subsidy to live there. The economy appears to run at a net deficit. The sa
by WalterBright 1y ago
> They simply have no reason to prefer foreign domination
The reason is they require subsidy to live there. The economy appears to run at a net deficit. The same reason the Vikings gave up on it.
- impossiblefork 1y agoI don't think the subsidy is required. The net deficit is small. Some Swedish regions also have a net deficit relative to other Swedish regions, but that doesn't mean that they don't work out economically. After all, not all economic activity in region is taxed there. A firm in Örnsköldsvik pays their taxes to the Swedish government, and then the Swedish government distributes part back to the region. It's around 600 million USD per year, on 56836 people. Around $1000 per head. But GDP per capita is $58,498.
- Paradigm2020 1y ago10k.
- impossiblefork 1y agoAh, you're right. So an order of magnitude higher. Miscalculated.
- WalterBright 1y ago> I don't think the subsidy is required. The net deficit is small. Continuing to lose money leads to bankruptcy.
- impossiblefork 1y agoThey would presumably just cut their government budget if it weren't for the subsidy. It would probably be fine. Furthermore, I don't think Denmark plans on dropping it. They want reasonably strong government services also in this sparsely populated arctic region.