What Has Happened to World Socialism?

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What Has Happened to World Socialism?

Post  News Hawk on Fri Feb 01, 2013 6:08 pm

"It is a rare report on any country that gives me hope any of us can tackle our mounting, disastrous debt problems, so I think I’ll revel in this one, from the unlikeliest of places— Sweden.

Shocked

Sweden has reduced public spending as a proportion of GDP from 67% in 1993 to 49% today. It could soon have a smaller state than Britain. It has also cut the top marginal tax rate by 27 percentage points since 1983, to 57%, and scrapped a mare’s nest of taxes on property, gifts, wealth and this year it is cutting the corporate-tax rate from 26.3% to 22%.

Sweden has also donned the golden straitjacket of fiscal orthodoxy with its pledge to produce a fiscal surplus over the economic cycle. Its public debt fell from 70% of GDP in 1993 to 37% in 2010, and its budget moved from an 11% deficit to a surplus of 0.3% over the same period. This allowed a country with a small, open economy to recover quickly from the financial storm of 2007-08. Sweden has also put its pension system on a sound foundation, replacing a defined-benefit system with a defined-contribution one and making automatic adjustments for longer life expectancy.

The welfare state of the Nordic countries is still certainly generous, but it’s encouraging to see a society so defined by and proud of that lavishness can actually make some pretty fundamental changes. I mean, defined contribution pension plans and huge drops in tax rates and government spending as a percentage of GDP? I would have thought, if it sounds this good to me, it can’t be happening in Sweden, right? Wrong, and then there’s this:


Most daringly, it has introduced a universal system of school vouchers and invited private schools to compete with public ones. Private companies also vie with each other to provide state-funded health services and care for the elderly. Anders Aslund, a Swedish economist who lives in America, hopes that Sweden is pioneering “a new conservative model”; Brian Palmer, an American anthropologist who lives in Sweden, worries that it is turning into “the United States of Swedeamerica”.
http://hotair.com/archives/2013/02/01/nordic-thaw-shrinking-the-state-in-sweden/

Swedish Socialism has come to its senses!

Cool
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Re: What Has Happened to World Socialism?

Post  News Hawk on Fri Feb 01, 2013 8:31 pm

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Re: What Has Happened to World Socialism?

Post  WHL on Sat Feb 02, 2013 7:36 am

Why does the US want to get into socialism now when it has proven to be such a failure everywhere else?????
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Re: What Has Happened to World Socialism?

Post  News Buzzard on Sat Feb 02, 2013 8:05 am

Sweden is one of the highest taxed countries in the world, while the United States is one of the lowest:

http://en.wikipedia.org/wiki/Taxation_in_Sweden#Example_of_salary_taxation_through_PAYE

The article posted above states that Sweden's government spending has been lowered to 49% of GDP and the highest tax rate lowered to 57%. The United States government spending has risen to 23% of GDP because of the wars and Great Recession and the top income tax rate is now a little over 39%. Sweden also has a Value Added Tax of 25%. The United States clearly has a spending and revenue problem!
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Re: What Has Happened to World Socialism?

Post  News Hawk on Sun Feb 03, 2013 5:41 am

Sweden is "walking back" Socialism.

Twisted Evil
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Re: What Has Happened to World Socialism?

Post  News Hawk on Fri Mar 01, 2013 3:56 pm

News Buzzard wrote:The United States clearly has a spending and revenue problem!
The United States has Democrats—the Democrats have Detroit Detroit has an Income Tax!

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Re: What Has Happened to World Socialism?

Post  WHL on Fri Mar 01, 2013 6:07 pm

And Michigan has Detroit!!! Laughing
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