Tuesday, April 03, 2007
What the Swedes can teach us 'bout economics (Yes, the Swedes!)
In an effort to make its economy more "competitive," Sweden, of all places, has decided an onerous class warfare-inspired economic policy. We can only hope that House Speaker Nancy "Mama Moonbat" Pelosi and Senate leader Harry "Sleepin' at the Ritz" Reid are paying attention:
"Maybe the next Bjorn Borg won't feel compelled to move to Monaco now that Sweden plans to scrap a decades-old 'wealth' tax that imposes levies on assets - not just on income.
"The tax, which a handful of developed countries retain, was designed to keep the rich from getting richer - but is increasingly seen as harming primarily the not-quite-rich upper middle classes.
"The move, expected to be approved by parliament later this year, underscores the country's efforts to keep successful Swedes and their capital at home by changing its fabled but costly welfare state." [Emphasis mine]
"Maybe the next Bjorn Borg won't feel compelled to move to Monaco now that Sweden plans to scrap a decades-old 'wealth' tax that imposes levies on assets - not just on income.
"The tax, which a handful of developed countries retain, was designed to keep the rich from getting richer - but is increasingly seen as harming primarily the not-quite-rich upper middle classes.
"The move, expected to be approved by parliament later this year, underscores the country's efforts to keep successful Swedes and their capital at home by changing its fabled but costly welfare state." [Emphasis mine]
# posted by Joltin' Django @ Tuesday, April 03, 2007 
