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In reply to the discussion: Capitalism [View all]Celerity
(46,154 posts)33. Absolutely correct we (Sweden) are not a socialist nation, but we do have more billionaires per capita than the US
In fact, we have more billionaires (not millionaires) per capita than any non tax haven state of the planet
This was not the case until a series of centre right neoliberal Swedish governments in the Riksdag (our unicameral parliament) started changing the tax code to extract far higher tax rates from labour than from capital gains profits and specualtive equity and bond trading/investing. I have posted on all this multiple times in the past here.
Per capita
(Hong Kong and Guernsey are not nation states and they both are also tax havens, as is Switzerland, Singapore, and all the rest above us)
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires
Total Number
Only 11 actual completely recognised nation states (so no Hong Kong or Taiwan) have more billionaires in TOTAL (not even per capita) than we do, and we only have around 10.7 million people as of today.
This was not the case until a series of centre right neoliberal Swedish governments in the Riksdag (our unicameral parliament) started changing the tax code to extract far higher tax rates from labour than from capital gains profits and specualtive equity and bond trading/investing. I have posted on all this multiple times in the past here.
Per capita
(Hong Kong and Guernsey are not nation states and they both are also tax havens, as is Switzerland, Singapore, and all the rest above us)
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires
Total Number
Only 11 actual completely recognised nation states (so no Hong Kong or Taiwan) have more billionaires in TOTAL (not even per capita) than we do, and we only have around 10.7 million people as of today.
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I would posit that you mean social democracy, like we have here in Sweden & the other Nordics, NOT democratic socialism.
Celerity
Apr 2024
#31
I kinda remember someone saying capitalism and socialism aren't mutually exclusive by any means.
paleotn
Apr 2024
#6
Absolutely correct we (Sweden) are not a socialist nation, but we do have more billionaires per capita than the US
Celerity
Apr 2024
#33