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They do. Just 100 years ago
Nordic countries had gilded age American levels of inequality and poverty.
Actually, currently. For example, Sweden has a higher per capita billionaire rate than the US, and also a higher poverty rate. And it STILL, nevertheless, has a regressive tax system. The tax burden is higher on the poor and middle class than it is on the rich for 3 reasons...
1) Very flat income tax brackets. Sweden's middle class is in the top marginal tax bracket, just like the rich.
2) Sweden has a VAT tax, which is highly regressive.
3) Sweden eliminated its wealth tax in 2007.
Also...
Quote:
"The top 1 percent in Sweden now own a greater share of the country’s wealth than the top 1 percent in the United States, according to Credit Suisse’s 2018 Global Wealth Report"
Actually, currently. For example, Sweden has a higher per capita billionaire rate than the US, and also a higher poverty rate. And it STILL, nevertheless, has a regressive tax system. The tax burden is higher on the poor and middle class than it is on the rich for 3 reasons...
1) Very flat income tax brackets. Sweden's middle class is in the top marginal tax bracket, just like the rich.
2) Sweden has a VAT tax, which is highly regressive.
3) Sweden eliminated its wealth tax in 2007.
Wikipedia? Anyone can edit a wikipedia entry. Reuters, the link I posted, is much more reputable. It also cites the most recent Credit Suisse Global Wealth Report, which is routinely cited by reputable news sources.
Wikipedia? Anyone can edit a wikipedia entry. Reuters, the link I posted, is much more reputable. It also cites the most recent Credit Suisse Global Wealth Report, which is routinely cited by reputable news sources.
If you’ve ever been to a Scandinavian country, you’d understand why a minimum wage isn’t necessary. It’s understood in European societies that having decent wages is beneficial to the state at large.
That virulent strain of hyperstupid American selfishness doesn’t run thru Scandinavia.
P.S. The Gini values for Netherlands and Sweden do not appear to be in the report. The WEALTH inequality numbers for US and Russia match what you posted.
Oh, boy. Do you even distinguish between income and wealth?
We already know that the Netherlands and Sweden outpace the US in income inequality given the Credit Suisse report:
"With a Gini Index of 0.852, the United States ranks as the country with the fourth highest amount of income inequality. Below are the ten countries with the highest inequality and the ten with the lowest, according to the report.
10 Countries With The Highest Amount Of Income Inequality (Based On Gini Index)
Netherlands: 0.902
Russia: 0.879
Sweden: 0.867
United States: 0.852"
"The top 1 percent in Sweden now own a greater share of the country’s wealth than the top 1 percent in the United States, according to Credit Suisse’s 2018 Global Wealth Report."
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Reuters, the link I posted, is much more reputable. It also cites the most recent Credit Suisse Global Wealth Report, which is routinely cited by reputable news sources.
