Thursday, April 05, 2007

Sweden not paradise shock!

Via The Globalisation Institute, your humble Devil notes that Sweden is not doing as well as it might.
Sweden is often hailed as a socialist paradise by commentators elsewhere in the world, desparate to find an example of where Big Government has worked. In reality, Sweden's economy has been doing abysmally, suffering from higher unemployment than in France, and living beyond its means, needing to borrow money for most of the past 35 years.

This is made all the more surprising, given that we all acknowledge that their education system is actually rather good. Why is that?
On the other hand, its education system is fantastic thanks to school choice.

Ah, yes: it's because the education system is incredibly non-socialist, encouraging competition between schools and thus finding that the best survive. What a contrast with our own abysmal and shameful "education" "system". But—Gordo, take note!—well educated people is a deeply restrictive socialist system does not guarantee a strong economy.

So, what are the Swedish government plannning to do?
Now the Swedes are planning to scrap their wealth tax, which levies a tax on people’s assets (this is in addition to an income tax).

In other news, Polly Toynbee had a fatal heart attack upon hearing this and a slim red figure with horns and a tail appears to be whooping, laughing, drinking liberally from a magnum of Champagne, yelling, "where's your socialist fucking paradise now, you stupid bitch?" and dancing joyously on her grave. The police have not intervened.

Seriously though, darling Pol may not have seen this announcement: should I email her?

UPDATE: urged on by Anonymous, I have, in fact, done so.
Polly,

I wonder if you have seen this?

STOCKHOLM -- Maybe the next Björn 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 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.


What do you think? Is this moving towards fracturing Sweden's caravan? I ask with particular reference to your Bow Group talk, at which I pointed out that, at present, many of Sweden's wealthy businessmen do not actually live there: will this measure draw them back?

DK

I look forward to her reply...

2 comments:

Anonymous said...

Email, email, email!

Anonymous said...

The thing no-one ever points out, is that the Swedes, being neutral in the 2nd WW, made huge profits selling all kinds of raw materials (to both sides). This is how they could afford socialism, for a while at least.

G.