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How the lion's share is owned by the Danish one percent

A tiny fraction of the population owns over one third of the country’s assets


One percent of the population has one third of the nation's worth locked up (Photo: Colourbox)

September 1, 2014
11:36

by Ray Weaver


Around 1 percent of the population, some 46,000 Danes, own property and securities worth over 512 billion kroner – 32 percent of the nation’s 1.6 trillion kroner’s worth of assets.

According to research quoted in Politiken newspaper from the centre-left think-tank Cevea, the 1 percent also controls 40 percent of the stocks and bonds traded in the country.

“There is a massive concentration of wealth in the richest one percent,” Jens Jonatan Steen, the head of research at Cevea, told Politiken.

“To a large degree, they have inherited their wealth or invested well.”

Tax the rich
Steen believes this unequal distribution of wealth calls for higher taxes on inheritance and investments.

READ MORE: Danish shares are the most expensive in the world

Mads Lundby Hansen, the chief economist at the liberal think-tank Cepos, disagreed with that assessment.

"You have to remember that the highest 1 percent of earners already pay taxes that correspond to those of 100,000 public employees," Hansen told Politiken.



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Latest Comments

#danishcraftsmanship

(Andreas Philip Andersen on December 21, 2014 13:27)

I had Danish citizenship and had to give it up at 21 for my Canadian...

(Tina Venema on December 21, 2014 12:52)

I'm sorry but your article lacks objectiveness. It is so coloured, and...

(Martin Madsen on December 21, 2014 12:01)

Yes, the huge influx of 3ed world immigrants, combined with increased loss of...

(Jens Rost on December 20, 2014 13:08)

Why use the education system when the welfare system is soooo much easier. ; )

(Alex DeGre?t on December 20, 2014 12:28)

Io l'ho provato, eccezionale!!

(Federico Lepra on December 20, 2014 12:06)

BMI is pure bullshit, favored mainly by insurance companies to deny, or...

(Alex DeGre?t on December 19, 2014 21:10)

What about the French?

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I should tell my cow sister-in-law who hasn`t worked in 26 years.

(Jon Paris King on December 19, 2014 12:43)

Vivo en Argentina y nunca pude lograr la doble ciudadanía ya que mi padre...

(Patricia Thomassen on December 18, 2014 19:38)