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Thursday, October 9, 2014

How Sweden Fights Inequality: Not By Taxing The Rich


How Sweden fights inequality: not by taxing the rich. "There seems to be an obvious solution to rising inequality: higher taxes. But there's an inconvenient fact here. The way most advanced, industrial countries have made real gains on inequality is through relatively regressive taxes that fund programs that reduce inequality. In fact, America's tax system is already unusually progressive by international standards. Our ongoing research suggests that this unusual relationship is not a coincidence....Countries with highly progressive taxes that disproportionately hit the rich — like the United States — tend to have the stingiest welfare states." Cathie Jo Martin and Alexander Hertel-Fernandez in Vox


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