Bernie Sanders says that he wants America to be more like Sweden.
Thats great! Here’s what you need to know: Sweden has...
No property taxProperty tax was abolished in 2008 by a center-right government. It was replaced with a low nominal fee of maximum $800 per year.source
No wealth taxThe wealth tax was abolished in 2007 by the center-right government. Before that, swedes had to pay 1.5 per cent tax on wealth over 1.5 million SEK (roughly $160 000).source
No inheritance taxThe inheritance tax was abolished 2005 by a center-left government, with retroactive effect back to December 17, 2004.source
No gift taxThe closely related gift tax, was a state tax on gifts between private persons, was also abolished in 2005 with retroactive effect back to December 17, 2004.source
No financial transaction taxFrom 1984, Sweden had a similar tax to the financial transaction tax (today called the ”Tobin tax”), but it was abolished in 1991.source
No national minimum wageAlthough Bernie Sanders claims that Sweden got a higher minimum wage than USA, Sweden has no minimum wages Sweden does not have government-regulated salaries – they are negotiated between the unions and employer organizations through collective bargaining agreements.source
School choice for allSince 1992, Sweden has free choice of school, and a free school market with a nationwide government financed voucher program for all. Families can choose any school, public or private: the taxpayer money follows the student, similar to the charter school system.source
Partly privatised pension systemThe Swedish pension system was reformed and partly privatized in 1999: part of the social security contribution is paid into individual investment accounts and a funded pension is built up with private fund management companies responsible for the asset management.
– Sweden is actually more free market than America in many ways!