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Wednesday, November 25, 2009

Would you want everyone in the country to know your financial info?

http://www.lodicommunityfoundation.org/Why_Give/tax-book.jpg
I know it sounds absurd, but in Norway, it’s already happened.

According to this article, the public now has access to almost everyone’s tax records, meaning anyone can find out, for example, that actress Liv Ullmann earned $17,300 in Norway last year, and nine-time New York City Marathon champion Grete Waitz has $90,000 in assets.

The benefit of this open-books policy would be that you’d no longer have to wonder whether the gum-snapper in the next cubicle with the same job title as you (you know, the girl who’s always filing her nails and having heated arguments with her boyfriend) is earning a better salary—you could just look it up. And it would be totally legit to use that info when you’re negotiating your own salary.

The downside? The girl in the next cubicle (an your ex-boyfriend, and your high school nemesis, and your weird uncle) can also look up your salary and savings info.

I doubt this would ever fly in the U.S.—although Sweden has a similar policy—but let’s pretend it’s a possibility.

Would you want access to everyone’s financial info if it meant everyone had access to yours? And has anyone snooped around to figure out a co-worker’s salary? (I haven’t, but I’ve sure been tempted!)

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Comments 1-8 of 8
  • ryan's Avatar
    Posted by ryan Thu Nov 5, 2009 10:58am PST

    people like you should be cast into the wilderness, your a cancer to society, yeah you Kim.

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  • JOHNN's Avatar
    Posted by JOHNN Thu Nov 5, 2009 11:41am PST

    You debit card warning article reads like a bank promotion. After two decades of getting customers hooked on debit cards, they now want to discourage that sort of usage in favor of the credit card type of application. Why? Banks make more money on the credit card approach.

    They first tried to get us converted with piddlely little contests. When that hasn't worked too well, they seed the media with your type of stories. You are being used.

    Report Abuse
  • I's Avatar
    Posted by I Thu Nov 5, 2009 9:15pm PST

    This is the first time I've read articles from this link (which I clicked through Yahoo!) and I think it is a waste. Why do you even write about how the public may have access to everyone's tax records? Trying to get some attention? I thought this article was very stupid and I sure hope this does not happen because you're probably going to scare the older generation people who are so afraid of ID theft and frauds/scammers so much! And that movie "Confessions of a Shopaholic" you were talking about, Miss Fortune or whatever, I've seen it and is a waste of time and such a stupid movie. I hope you're not trying to be like her... Annoying. Here's my point, if you're going to write articles, write something better than this. People nowadays just want so much attention.

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  • Ahleah G's Avatar
    Posted by Ahleah G Fri Nov 6, 2009 7:49am PST

    I really am not sure why the comments so far are so nasty. And not even really related to this article. The debit card article had some useful information about the fraud protection offered with online purchases, so it was not without merit even if you don't feel all the information is helpful. And while this may not be slated to happen in the US, it is an interesting prospect. While I wish it was much easier to find out the actual salaries for jobs to make sure you are being made a fair offer, overall I don't think this would help. How would you know if the annoying girl in the cubicle next door didn't have an additional income source?

    Report Abuse
  • yaya's Avatar
    Posted by yaya Fri Nov 6, 2009 8:54am PST

    lol 'cancer'. She's not that bad. I agree though, get a REAL job! and stop asking dumb questions.

    Report Abuse
  • Babyluv.'s Avatar
    Posted by Babyluv. Fri Nov 6, 2009 9:09am PST

    That's a very lame question. May be a good idea to spend your time doing something productive.

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  • slam's Avatar
    Posted by slam Fri Nov 6, 2009 9:11am PST

    I think we don't spend enough time thinking "What If?" That's why America is going to H*** in a handbasket. We care more about whether the Kardashians have cellulite on their booties.

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  • Lucy's Avatar
    Posted by Lucy Thu Nov 12, 2009 11:16am PST

    Actually, this addresses an interesting and primarily American (or at least Western) cultural phenomenon. We Americans are very secretive about our finances. I would have no problem with everyone having access to my financial information.

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Comments 1-8 of 8

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