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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (16843)	4/11/2007 3:51:32 AM
From: Snowshoe	Read Replies (1) \| Respond to of 217917

Sweden Repeals Wealth Tax _______________________________________________________________ cato-at-liberty.org

To: energyplay who wrote (16843)	4/11/2007 11:01:38 PM
From: elmatador	Respond to of 217917

borrowed money for most of the past 35 years. Lived beyond their means. Globalisation Institute: Sweden's wealth tax move Thursday, 05 Apr 2007 14:47 Sweden's plans to abolish is wealth tax is a sensible move, according to Alex Singleton of the Globalisation Institute. He says: "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. On the other hand, its education system is fantastic thanks to school choice. 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). "Luxembourg and Spain remain the only other EU countries which impose such a tax. Denmark, Finland and the Netherlands have all dropped theirs in the past decade. The truth is Sweden desperately needs to do something about the social problems caused by its stagnant economy. Much of Sweden’s tax regime is counterproductive. It has the highest tax burden in the EU, which discourages enterprise and encourages people like Ikea founder Ingvarf Kamprad to live elsewhere (he’s in Switzerland). Its high income tax rates make no sense from the point of collecting revenue, given the Laffer Curve (which shows that high tax rates can produce lower revenues than lower rates)." Disclaimer: