Quote:
Originally Posted by CliffFletcher
I’m not arguing that wealth concentration hasn’t happened (I’ve read Piketty too). So we’re talking past each other.
I frankly don’t care as much about concentration of wealth as I do about absolute material living stands. Sweden actually has more billionaires per capita than the U.S., but it still provides more robust public services and quality of life to its citizens. It achieves that by fostering an attractive climate for private business, and then imposing high tax rates on citizens at all income levels who work in those business. I don’t see anyone in North American today offering that as a model for a more egalitarian society going forward.
|
Not so sure we should strive to be like Sweden. The cost of living their is insane, and it's definitely a place where unless your parents are wealthy, you will have a very tough go of it. Sweden has a bigger wealth divide than Canada. Not as bad as the USA, mind you. Sweden also has far fewer immigrants than Canada. So lots of people who've been there countless generations enjoying the good life, while new people are clawing to get in. I'm not sure that's a model that would be feasible for Canada, a country of largely immigrants.