Wednesday, December 14, 2005

Sweden's comedown: some statistics

Johnny Munkhammar of Timbro, the free market think-tank of Swedish Enterprise, explains:
Sweden had the second highest growth rate in the world from 1890 to 1950, but since the tax rate rose from 20 % in 1950 to 50 % in 1980 we have fallen behind. For example, according to the Organisation for Economic Co-operation and Development (OECD), Sweden was the fourth richest country per capita in the world in 1970 whereas now it is down to number 14.

Read the whole thing


At 5:31 PM, Anonymous Anonymous said...

Glad to see Europe may yet hold the smart move over the heart move.


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