Tax Reform in Sverige

In both a symbolic and truly effective move, the Swedish government plans to eliminate the wealth tax which encourages successful Swedes to shelter their money in other countries, or move entirely as in the case of Johnny Hallyday from France. In a world of capital mobility, this can only be a positive move for the Swedish economy.

Congratulations Sverige

My friend Diana is very happy about the situation in Sweden. The conservative coalition has toppled the Socialists after years of old, overgrown domination and unsustainable economic policy. Of course for any Americans reading this, Swedish conservatives are sort of like left-leaning Democrats. Republicans do not exist there except maybe in the mental hospitals where they belong. But I digress...

From this Economist article, it seems regulations and taxation will be loosened up slightly, but no radical changes to the Swedish system will occur. Still, for all of my Swedish friends, may the new policies bring you enhanced opportunities, health, and wealth.

In related news, the Piratpartiet scored less than one percent of the vote. For a one-issue party in such a critical election, we should not be surprised, but I am nonetheless disappointed at such a poor showing. Copyright protections are desperately in need of reform worldwide, and Sweden is a great place for the movement to begin.