"Some of my left-leaning friends (as well as some non-friends) think Nordic nations such as Sweden are shining examples of successful socialism.
They’re wrong.
Not only are they wrong, but those nations actually are case studies of how big welfare states cause damage to national prosperity (as well as case studies of how unwinding big government is a way to regain competitiveness)...
If Europe can have universal health care, pre-K, and all the other welfare state goodies, why can’t America? We could if we just taxed the millionaires and billionaires, the argument goes. Speaking as a Swedish citizen, I can tell you it is not quite that simple.
…Sweden doesn’t really tax the millionaires and billionaires—it taxes the poor. In Sweden, it is possible to avoid virtually all capital gains taxes through an investment savings account, which obviously mostly benefits the rich...Read all!
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