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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (941516)6/20/2016 10:27:23 AM
From: Wharf Rat  Read Replies (1) of 1572507
 
Feel the Bern, even tho he's lost....

Why Does Sweden Have So Many Billionaires?

High taxes and a generous welfare state are no barrier to Nordic riches

No single Swede comes close to the epic wealth of a Bill Gates or a Warren Buffett. But Stefan Persson, the chairman, main shareholder, and former longtime CEO of H&M, leads a roster of Swedish billionaires who outpace the U.S. (No. 14) on a per capita basis. In part this is just a bit of a funny coincidence—it’s a fairly small country, after all—but the fact that a famously left-wing country like Sweden can be so rich in billionaires is telling and important.

slate.com
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