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Sweden is America and America is Sweden?

John at Power Line links to an article that reports that Sweden has decided to slash income taxes to spur more economic growth.

The proposal, to be presented to parliament on Monday as part of the 2010 budget bill, is the fourth leg of a tax cut programme introduced in January 2007 to stimulate employment.

The fourth leg would enter into force on January 1, 2010.

With that step, 99 percent of full-time employees will have had their taxes reduced by a total of 1,000 kronor per month, while 75 percent will have had reductions of 1,500 kronor, the government said.

"The coalition government has agreed on reforms for jobs and entrepreneurialism that will increase employment in the long-term. It has to be more profitable to work and more companies should be able to hire employees," the government said.

The article also notes that Sweden's unemployment rate has risen as a result of the global economic downturn, as has everyone else's. With Sweden's new tax policies, its economy will take off once the down turn reverses itself, while America will probably still be floundering by that time, having been strapped with oppressive deficits as far as the eye can see.

John also notes this:

It's an interesting comparison: Sweden experimented with the nanny state, learned that it was devastating to the economic and moral health of its people, and is moving back toward individualism. Here in the U.S., we had the world's most dynamic economy, and the lesson we took away from that--some of us, anyway--was that we were doing something wrong and needed to socialize everything. Curious.

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Comments (6)

Maybe someday, Barry will l... (Below threshold)
GarandFan:

Maybe someday, Barry will look at Sweden and "discover the new dynamic". At which point he'll be hailed as a "wunderkind". Barry's EGO will be so happy.

Europe provides a myriad of... (Below threshold)
Darkkan:

Europe provides a myriad of excellent examples of why and how liberalism does not work. But American liberals don't learn the lessons that Europeans are/have.

One can only conclude that American liberals are the dumbest liberals in the world.
That's quite a distinction.

I think most the liberals h... (Below threshold)
Rich:

I think most the liberals have had this love for europe and all things european. For decades they learned that socialism was how the old world solved all its problems and that the americans were just a bunch of arrogant fools. Liberals wanted us to be just like the europeans. Instead of leaders of the free world they would have us be the coat-tail chasers. A day late and trillions of dollars short.

But tax cuts don't work! Wh... (Below threshold)
JustRuss:

But tax cuts don't work! Where will the government get money if we cut taxes???!!!1111oneeleven

"I think most the liberals ... (Below threshold)
GarandFan:

"I think most the liberals have had this love for Europe and all things European."

It's part of the "elitist" thing. Ero's are 'so sophisticated', 'so intellectual', 'so refined'.
They gloss over the fact their economy is "so stagnant". The greenies want to orgasm over Germany's solar electric grids adjacent to the autobahn. Yet, in the US they'd castigate them as "eyesores". Splash Kennedy was a prime example. All for windfarms unless you wanted to put one within view of his house.
I'd love to have the money to buy all the land around Al Gore's mansion and put up windfarms and solar panels. Somehow I think he'd object.

The Swedes, finally get ano... (Below threshold)
MDr:

The Swedes, finally get another one right! Years ago, I often found myself in Sweden (business). So often, I had more than a "business" relationship with many Swedes. One evening I was ranting about PC in the USA. I noticed everyone was smiling at me. Confused, I stopped. The host(ess), smiled, patted my back, and said, We went through a silly PC period. We got over it. You will too.




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