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https://www.bloomberg.com/politics/...x-plan-delivers-an-economic-miracle-in-sweden
Due to smart policy, Sweden is turning into an economic powerhouse. They also run a budget surplus. That should get Rand Paul's attention. Wait a minute, Conservatives told me that tax cuts produce growth? Could it be that they were wrong about economics?
Over the past 20 years, Sweden averaged a higher GDP growth rate than the United States. But, the U.S. has been bogged down by bad policy decisions and stubborn refusals to legislate on behalf of the middle class and working classes. Imagine if the United States would have never passed the Bush Tax Cuts. How much healthier would our economy be right now?
Last year Sweden topped 4% growth. So, if Sweden is getting 3-4% growth with high taxes and a huge welfare state, that is proof positive, that high taxes and a huge welfare state doesn't strangle economic growth or activity.. this is a delusion conservatives make painfully clear they believe. That delusion is patently false. High taxes and a robust welfare state, if they do not directly cause BOOMING economic times, they certainly don't impede growth. Trump would nut himself to produce 4% GDP growth in the United States. It looks like the template is high taxes, a robust welfare state, and wealth redistribution. After the GOP sees the results in Sweden, I'm sure we can expect the GOP and Trump to get on board with a Nordic model.
Kindly dispose of the "homogenous population" talking point in the garbage, on your way out. Sweden took in record numbers of refugees. Where's your ideology conservatives? Sliced up and full of holes like Swiss Cheese.
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.
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.
Due to smart policy, Sweden is turning into an economic powerhouse. They also run a budget surplus. That should get Rand Paul's attention. Wait a minute, Conservatives told me that tax cuts produce growth? Could it be that they were wrong about economics?
Over the past 20 years, Sweden averaged a higher GDP growth rate than the United States. But, the U.S. has been bogged down by bad policy decisions and stubborn refusals to legislate on behalf of the middle class and working classes. Imagine if the United States would have never passed the Bush Tax Cuts. How much healthier would our economy be right now?
The numbers are compelling. Sweden has one of the world’s highest tax burdens, with tax revenue about 43 percent of GDP, according to OECD data. The equivalent figure for the U.S. is about 26 percent. Sweden’s economy has grown almost twice as fast as America’s, expanding 3.1 percent last year, compared with 1.6 percent in the U.S.
Last year Sweden topped 4% growth. So, if Sweden is getting 3-4% growth with high taxes and a huge welfare state, that is proof positive, that high taxes and a huge welfare state doesn't strangle economic growth or activity.. this is a delusion conservatives make painfully clear they believe. That delusion is patently false. High taxes and a robust welfare state, if they do not directly cause BOOMING economic times, they certainly don't impede growth. Trump would nut himself to produce 4% GDP growth in the United States. It looks like the template is high taxes, a robust welfare state, and wealth redistribution. After the GOP sees the results in Sweden, I'm sure we can expect the GOP and Trump to get on board with a Nordic model.
Sweden has the highest labor force participation in the European Union. Andersson attributes this to tax-funded parental leave and affordable daycare, which make it easier for both parents to work.
Kindly dispose of the "homogenous population" talking point in the garbage, on your way out. Sweden took in record numbers of refugees. Where's your ideology conservatives? Sliced up and full of holes like Swiss Cheese.
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