The Danish one percent

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

Sep 1, 2014

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.

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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The Danish one percent

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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20 April: Run around Kastellet

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6 April: Run around Frederiksberg Have

How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

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