Sunday, November 24, 2024
Why Sweden's way is good for business and innovation for a responsible people
Sweden encourages entrepreneurship. Sweden has more billionaires per capita than almost any other country. Why is this?
1. In Sweden, income tax is high but capital gains tax is low, so business owners can use more of the money they make to reinvest in their business or another investment. So the rich still get richer.
2. Sweden's free healthcare and welfare system makes starting a new business or inventing a new product or service less risky than in countries like the United States, because in Sweden, although top-earning professionals make less money, low-wage workers make a lot more money than they do in the United States. This means a low-wage worker has more time and money to experiment with a new business idea, plus a free healthcare and welfare system to catch the worker if he or she runs out of money.
As of this writing, [New State] will support keeping capital gains tax low.
[New State] opposes free healthcare and welfare in the United States because the United States is not a unified group of like-minded, responsible people.
[New State] will grow a population of like-minded, responsible people while promoting low- and non-profit housing for its members and a simpler healthcare system designed for responsible citizens only.
END
1. In Sweden, income tax is high but capital gains tax is low, so business owners can use more of the money they make to reinvest in their business or another investment. So the rich still get richer.
2. Sweden's free healthcare and welfare system makes starting a new business or inventing a new product or service less risky than in countries like the United States, because in Sweden, although top-earning professionals make less money, low-wage workers make a lot more money than they do in the United States. This means a low-wage worker has more time and money to experiment with a new business idea, plus a free healthcare and welfare system to catch the worker if he or she runs out of money.
As of this writing, [New State] will support keeping capital gains tax low.
[New State] opposes free healthcare and welfare in the United States because the United States is not a unified group of like-minded, responsible people.
[New State] will grow a population of like-minded, responsible people while promoting low- and non-profit housing for its members and a simpler healthcare system designed for responsible citizens only.
END