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There seems to be an obvious solution to rising inequality: higher taxes. But there's an inconvenient fact here. The way most advanced, industrial countries have made real gains on inequality is through relativelyregressive taxes that fund programs that reduce inequality. In fact, America's tax system is already unusually progressive by international standards. Our ongoing research suggests that this unusual relationship is not a coincidence.
The countries in northern Europe that have made the biggest strides in reducing economic inequality do not fund their governments through soak-the-rich, steeply progressive taxes. Instead, they have broad-based taxes that ask all workers to contribute to a generous welfare state. Countries with highly progressive taxes that disproportionately hit the rich — like the United States — tend to have the stingiest welfare states.
How Sweden fights inequality not by taxing the rich - Vox
There seems to be an obvious solution to rising inequality: higher taxes. But there's an inconvenient fact here. The way most advanced, industrial countries have made real gains on inequality is through relativelyregressive taxes that fund programs that reduce inequality. In fact, America's tax system is already unusually progressive by international standards. Our ongoing research suggests that this unusual relationship is not a coincidence.
The countries in northern Europe that have made the biggest strides in reducing economic inequality do not fund their governments through soak-the-rich, steeply progressive taxes. Instead, they have broad-based taxes that ask all workers to contribute to a generous welfare state. Countries with highly progressive taxes that disproportionately hit the rich — like the United States — tend to have the stingiest welfare states.
How Sweden fights inequality not by taxing the rich - Vox
Really?? A less progressive tax system is better for everyone?
No friggin shit. When the Socialist Scandinavians have figured that out and the alleged bastion of freedom and liberty, the U.S.A., is still trying to punish success you really have to wonder.
The highest tax bracket in Sweden has a marginal tax rate of 56%.
Overall, Sweden has the highest effective tax rate of any country in the world.
There seems to be an obvious solution to rising inequality: higher taxes. But there's an inconvenient fact here. The way most advanced, industrial countries have made real gains on inequality is through relativelyregressive taxes that fund programs that reduce inequality. In fact, America's tax system is already unusually progressive by international standards. Our ongoing research suggests that this unusual relationship is not a coincidence.
The countries in northern Europe that have made the biggest strides in reducing economic inequality do not fund their governments through soak-the-rich, steeply progressive taxes. Instead, they have broad-based taxes that ask all workers to contribute to a generous welfare state. Countries with highly progressive taxes that disproportionately hit the rich — like the United States — tend to have the stingiest welfare states.
How Sweden fights inequality not by taxing the rich - Vox
Really?? A less progressive tax system is better for everyone?
No friggin shit. When the Socialist Scandinavians have figured that out and the alleged bastion of freedom and liberty, the U.S.A., is still trying to punish success you really have to wonder.
The highest tax bracket in Sweden has a marginal tax rate of 56%.
Overall, Sweden has the highest effective tax rate of any country in the world.
We get a greater share of govt revenue from the top 1% than does Sweden!! NYS and CA get 50% of their revenue from the top 1% while Federal govt gets 39% from top 1%.
THe more you know how to earn money in America the more the liberals punish you!!
According to this site, Sweden has the second highest marginal income tax rate in the world.
The Highest Income Tax Rates in the World
I also believe it is applied at a much lower level of income in Sweden too.
According to this site, Sweden has the second highest marginal income tax rate in the world.
The Highest Income Tax Rates in the World
I also believe it is applied at a much lower level of income in Sweden too.
That was the point. More people in Sweden have skin in the game, as opposed to the U.S. where we think half the population shouldn't have to pay anything for the services they get.
I do wish people would do more research before posting about countries they have never been to and know nothing about.
Sweden not only has a 50% tax rate, but a VAT rate of something around 23%. (In Finland it is 24%).
Yes, Scandinavia has addressed social inequality (to some degree) and yes, there is a belief that everyone should pay something towards funding state services. But a BIG part of that is through progressive taxation.
One example of this is that even speeding fines are progressive - the more you earn, the more you pay per 10 k.p.h. over the speed limit.
The US supports more illegal alien criminals than the entire population of Sweden. So much for comparisons.
One example of this is that even speeding fines are progressive - the more you earn, the more you pay per 10 k.p.h. over the speed limit.
One example of this is that even speeding fines are progressive - the more you earn, the more you pay per 10 k.p.h. over the speed limit.
I love that so out of fairness the wealthy should have to pay more at the supermarket too!!
