People often say Sweden has the highest taxes in the world. They’re wrong. But, Sweden does have a high tax-to-GDP ratio. Who pays most of those taxes? And what implications does that have for inequality? In this video we use a simple Lego analogy to explain how wealth inequality works in Sweden. We demonstrate that the government's tax policies are not targeted towards the rich, as they mainly affect the bottom 90% of the population. Furthermore, we highlight how Sweden's capital income tax and wealth tax have been reduced or abandoned in recent years. Watch this video to learn why the tax system favors the already rich, and how it exacerbates wealth inequality.
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In this video:
0:00 I borrowed 100 Lego figures to MAKE A POINT
2:10 FOUR types of taxes
4:46 The SILENT tax revolution
6:04 A DEPRESSING example
7:15 The BILLIONAIRES run the show
8:40 Wrap-up
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Who am I?
I’m Andres Acevedo, a lawyer who make short documentaries about law, economics and fairness for my own channel, The Market Exit. You can help me make videos for The Market Exit by becoming a Patreon. Or, if you live in Sweden, you can Swish me a donation on 123-333 34 65.
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#wealth #taxes #money
Thanks for watching the video: Why Wealth Tax Does NOT WORK