Tax Plan Delivers Economic Miracle in Sweden

[struggle4progress]

by Johan Carlstrom
May 7, 2017, 6:00 AM EDT

High taxes, strong unions and an equal distribution of wealth.

That’s the recipe for success in a globalized world, according to Magdalena Andersson, the Social Democratic economist who’s also Sweden’s finance minister.

The 50-year-old has been raising taxes and spending more on welfare since winning power in 2014. She’s also overseen an economic boom, with Swedish growth rates topping 4 percent early last year, that has turned budget deficits into surpluses ...

The numbers are compelling. Sweden has one of the world’s highest tax burdens, with tax revenue about 43 percent of GDP, according to OECD data. The equivalent figure for the U.S. is about 26 percent. Sweden’s economy has grown almost twice as fast as America’s, expanding 3.1 percent last year, compared with 1.6 percent in the U.S. ...

https://www.bloomberg.com/politics/articles/2017-05-07/a-reverse-trump-tax-plan-delivers-an-economic-miracle-in-sweden

[Rustyeye77]

1. Now, if they can get the press to tell the truth....

[Cadfael]

2. K & R

nt

[smirkymonkey]

3. K&R

[tazkcmo]

4. The GOPee worships profit and growth

But not if it benefits everyone. What's the point of having a great quality of life without some peasant to lord it over?

[mitch96]

5. I don't get it.

If the government pays for social welfare, that the corporations benefit from, why would they not like it? The European and Asian automobile mfg sectors did not have to pay for any medical benefits for their employees. They could then sell the cars for less and still make a tidy profit. American car companies had to pay more so the unions could cover the employee benefits..
It just does not make sense to me.... Unless the corporations just wanted to screw the american workers...
m

[roamer65]

6. What happened in 1993 when we raised taxes in the US?

We had the Clinton economic boom.