When it comes to statistics like Gini on wealth inequality, Sweden is worse than the US.
What a country. In Sweden they tax the billionaires. In America, billionaires tax you!
The 55% rate is only on wage income (and the real upper tax rate on wages is more like 66% anyway, if you include payroll tax).
Capital gains tax is 30%, and that’s only on realized gains AFAIK - which is shockingly close to the base payroll tax (25%).
The hardest taxed people here are the middle class, since they get their income as wages, whilst upper class tax rates are significantly lower, with more of their income being from capital gains.
Didn’t know Jennifer Aniston was from the Netherlands…
If you’re not a billionaire and against this, you’re pretty much a moron and if you’re thinking one day you’ll be a billionaire, you won’t be based on your thought process alone.
There’s no sensible reason why anyone should have no resistance accumulating that much wealth to themselves. It isn’t infinite money for everyone, essentially you’re taking it from others. Yes, some fools kind of deserve or are themselves at blame for parting from their own money, but if there are no stops, it doesn’t motivate others from making sure they create methods to keep doing this to others. All to gain, nothing to lose.
This means Swedish billionaires work harder than any other billionaires in the world to maintain their status as a billionaire. American billionaires are lazy.
