Sweden: “Income redistribution is key to economy success”

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Gatj

05/09/2017

Bloomberg just published an article comparing Sweden’s economic policies to Donald Trump’s tax plan, titled “A Reverse-Trump Tax Plan Delivers an Economic Miracle in Sweden”.

“High taxes, strong unions and an equal distribution of wealth. That’s the recipe for success in a globalized world, according to Magdalena Andersson, the Social Democratic economist who’s also Sweden’s finance minister – Bloomberg introduces. The 50-year-old has been raising taxes and spending more on welfare since winning power in 2014. She’s also overseen an economic boom, with Swedish growth rates topping 4 percent early last year, that has turned budget deficits into surpluses.”

You can read the whole article on Bloomberg’s website.

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