Many of the nordic nations, like Sweden, Finnland and Norway are simply the concept for the future, with very high taxation and relatively even distribution of wealth. But try telling that to people that don't like to face the cold hard reality that we we will have 12 billion people by 2050, and god knows how many by 2100, but with less resources then today. 30% of the worlds population has already consumed 40% of the resources, and we would require two more planets full of resources now if we decide to give every person on this earth, the same economic status as the average American or German has.
Do people really believe that we can sustain our current model and industry with overproduction and overconsumption in the future? I wouldn't be surprised if we see a serious disaster in 70-80 years where like a large part of the worlds population migrates in hundrets of million to Europe and the US, if many people would die to famines and cause all sorts of mayhem and chaos. And once the ashes and dust has settled, when the people have run out of bullets, even the Americans might have learned something, that it's not good to keep 30 or even 40% of your nation on the poverity line, with bad and expensive education, that is better to share at least most of the wealth equally among the people, that capitalism in it's curent form is a dead end.
Pursuit for happiness, sounds awesome on paper, sure you can write something like that in your constitution, but you could as well have a line that says, everyone has a right to win the lottery. High taxation, and making sure that everyone has a decent standard at living with a very regulated and resonable use of resources, this is the future folks. Or we're runing head on in a disaster of biblical proportions.
That's what happens when you let business administrators run everything ... as how someone said, economy is a horse infront of a carriage. It's great at pulling the carriage , but you don't let the horse decide the course.