Re:The history of the end of poverty has just begun
by nivenkos on Wednesday January 26, 2022 @05:17AM
(#30083748)
Yeah, Sweden is anti-progressive. As a worker I pay ~40% income tax and 25% sales tax.
Meanwhile there is no inheritance tax, relatively low capital gains tax (or none on ISK accounts), and low corporation tax.
It's designed to preserve wealth for those who inherit property.
Re:The history of the end of poverty has just begun
by guerrilla on Wednesday January 26, 2022 @09:43AM
(#30085981)
> I only went through the first half but there are a number of companies in there that exploit poor people
I didn't say that they didn't, I said that they did but the GP listed weren't the biggest examples.
Ericsson - charges telecom companies a fortune for crappy gear because there's only 2-3 leading edge 5G equipment providers, which in turn makes it more expensive for people to get telecom service
H&M - sweatshop labor for clothes manufacturing
I only went through the first half but there are a number of companies in there that exploit poor people. I'll also add this link [0] which shows Sweden has very low corporate income tax and most of Swedish government income comes from taxes on labor and goods (VAT), which is hardly the high corporate tax model that most left wing Democrats are pushing today.
[0]: https://www.oecd.org/ctp/tax-policy/revenue-statistics-swede...