Monday, 21 February 2011

Sweden took away their money, but it also took away their financial angst.

"I have a friend who is the Nanny State incarnate: he was for years a social democratic cabinet minister in Sweden. He once complained to me that a right-wing group was going around saying that Swedes had lower post-tax incomes than Alabamans, who are among the poorest Americans.

"Well maybe, my friend said, but by the time Swedes got their post-tax incomes, their pensions, healthcare, schools and universities had already been paid for. Sweden took away their money, but it also took away their financial angst."

So says Simon Kuper in the FT.

An interesting notion: less pay = less to worry about.

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