HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » For a real-world example ...

Wed Jan 9, 2019, 10:11 PM

For a real-world example of Ocasio-Cortez's tax proposal, look to Sweden

Last edited Thu Jan 10, 2019, 12:55 AM - Edit history (1)

U.S. Congresswoman and Bronx-native Alexandria Ocasio-Cortez would find herself at home in Stockholm.

The newly minted lawmaker is proposing to lift the top marginal tax rate to 70 percent on incomes starting at $10 million. The idea has drawn both praise and jeers from across the political spectrum.

For a real world example, critics and fans alike should look to Sweden. The Nordic country has a marginal tax wedge -- the difference between the cost to the employer and what a worker takes home -- of 69.7 percent on salaries above $79,000. That’s almost 30 percentage points higher than in the U.S., and it kicks in a lot earlier than Ocasio-Cortez is proposing.



Critics of high taxes claim the policy stifles economic growth by reducing the incentive for people to work. But Sweden’s employment rate is 77.5 percent, beating the U.S.’s 71 percent. The Nordic country has also surpassed the U.S. in terms of economic growth this decade, expanding 2.7 percent a year, on average, compared with 2.2 percent for the U.S.

https://www.msn.com/en-us/money/taxes/for-a-real-world-example-of-ocasio-cortezs-tax-proposal-look-to-sweden/ar-BBS1don?li=BBnbfcN

5 replies, 364 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply For a real-world example of Ocasio-Cortez's tax proposal, look to Sweden (Original post)
Yo_Mama_Been_Loggin Jan 9 OP
shanny Jan 9 #1
BigmanPigman Jan 9 #2
moondust Jan 10 #3
JI7 Jan 10 #4
DFW Jan 10 #5

Response to Yo_Mama_Been_Loggin (Original post)

Wed Jan 9, 2019, 10:12 PM

1. Or look at our own history

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Wed Jan 9, 2019, 10:45 PM

2. I have read several articles about people who are the happiest and healthiest

and it is always the Nordic countries who are healthy and happy (actually they say contentment is what they have instead of greed and always wanting more, more, more and "bigger and better".

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Thu Jan 10, 2019, 12:39 AM

3. Unbridling greed,

IMO, tends to encourage rape, pillage, plunder, corruption, and whatever among assholes like Trump chasing "excess": castles, yachts, "status," leverage over the law and society. Massive inequality follows. Progressively higher taxes tend to temper the greed and reduce inequality/promote equality as seen in Scandinavia and the U.S. between WWII and Reagan.

Reagan, Thatcher, GOP tax cuts, and Citizens United have all played a big role in unbridling the greed that over the past 40 years has slowly degraded the quality of life for many who aren't greedy Trump-like assholes chasing absurd excess.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Thu Jan 10, 2019, 12:40 AM

4. sweden is mostly a white country. the problem with the proposal and just about any plan which calls

for wealthy paying more and to provide for those with less is racist white people in the US.

they oppose anything they see as "giving free stuff" to minorities. even though often they benefit from the work of the minorities.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Thu Jan 10, 2019, 06:38 AM

5. I'm curious about one statistic cited

If Sweden‘s employment rate is 77.5% and their year-end unemployment rate (according to them) was 6.2%, then what was the status of the 16.3% of the population left over?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread