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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

Burn in hell infidels

(Hamish Carey on September 20, 2014 18:01)

And all accidences I said it might hapen there have been happened since I...

(Sly A-k on September 19, 2014 18:07)

Don't forget to leave room for a mosque, eh. ; )

(Alex DeGre?t on September 18, 2014 22:31)

Close the f-ing doors already. Denmark doesn't need anymore welfare sucking...

(Alex DeGre?t on September 18, 2014 16:19)

Lel

(Chris Brooks on September 18, 2014 15:43)

?We have more than twice as many poor per capita and almost three times as...

(Bill Jones on September 18, 2014 06:37)

Face it, the Danish Listeria pølser as a culinary contribution to the EU was...

(Bill Jones on September 18, 2014 06:29)

When the other shoe drops these two reprobates will be claiming the...

(Bill Jones on September 18, 2014 06:14)

Ray, maybe a look at the definition of "conspiracy" is in order, which in...

(Bill Jones on September 18, 2014 06:07)

How do you enroll in the trial???

(Anette Kreipke on September 17, 2014 23:09)