Wehrwolfen
Senior Member
- May 22, 2012
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by Jim Hoft
March 4, 2013
For years American Democrats, Socialists and Communist Party members pointed to Sweden as evidence that socialism works. This was despite the fact that socialism failed miserably everywhere else.
But, the Swedish argument will no longer work for the American left. Today, even the Socialists in Sweden are more capitalist than American Democrats.
The Freedom reported, via Free Republic:
[Excerpt]
Read more:
Awful? Swedish Socialists Now More Capitalist Than American Democrats | The Gateway Pundit
March 4, 2013
For years American Democrats, Socialists and Communist Party members pointed to Sweden as evidence that socialism works. This was despite the fact that socialism failed miserably everywhere else.
But, the Swedish argument will no longer work for the American left. Today, even the Socialists in Sweden are more capitalist than American Democrats.
The Freedom reported, via Free Republic:
The Economist on Northern Lights
Interventionists in the United States could learn something from whats going on now in Sweden (although I fear they wont). According to a recent spread in The Economist magazine:
Sweden has reduced public spending as a proportion of GDP from 67 percent in 1993 to 49% today. It could soon have a smaller state than Britain. It has also cut the top marginal tax rate by 27 percentage points since 1983, to 57%, and scrapped a mares nest of taxes on property, gifts, wealth and inheritance. This year it is cutting the corporate-tax rate from 26.3% to 22%.
Compare these rates with the U.S. tax rates, under the 2013 tax law, of 39.6 percent on incomes above $400,000 (filing single) and 35 percent on corporations.
But in some sense the current dramatic policy changes in Sweden are just a continuation, after an interruption of several years, of a dis-interventionist trend that began in the 1990s. The new Swedish model is not really that new. Indeed, Sweden has climbed to 30th out of 144 countries in economic freedom according to FreetheWorld.com, compared to the United States, which has fallen to 18th, just ahead of Germany (31st) and far outpacing France (47th) and China (107th).
Interventionists in the United States could learn something from whats going on now in Sweden (although I fear they wont). According to a recent spread in The Economist magazine:
Sweden has reduced public spending as a proportion of GDP from 67 percent in 1993 to 49% today. It could soon have a smaller state than Britain. It has also cut the top marginal tax rate by 27 percentage points since 1983, to 57%, and scrapped a mares nest of taxes on property, gifts, wealth and inheritance. This year it is cutting the corporate-tax rate from 26.3% to 22%.
Compare these rates with the U.S. tax rates, under the 2013 tax law, of 39.6 percent on incomes above $400,000 (filing single) and 35 percent on corporations.
But in some sense the current dramatic policy changes in Sweden are just a continuation, after an interruption of several years, of a dis-interventionist trend that began in the 1990s. The new Swedish model is not really that new. Indeed, Sweden has climbed to 30th out of 144 countries in economic freedom according to FreetheWorld.com, compared to the United States, which has fallen to 18th, just ahead of Germany (31st) and far outpacing France (47th) and China (107th).
[Excerpt]
Read more:
Awful? Swedish Socialists Now More Capitalist Than American Democrats | The Gateway Pundit