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In reply to the discussion: LEARN the DIFFERENCE! [View all]

paleotn

(23,275 posts)
17. Exactly!!!! All of the Nordics are new business generating powerhouses.
Sun Jul 5, 2026, 07:51 PM
Jul 5

One driver is the social safety net for those who have an idea and want to make a go of it. That greatly reduces the risk if your idea goes sideways. People are incentivized to take risks who ordinarily wouldn't or couldn't in the US system. Thus, higher new business generation.

But it's not without problems. Sweden's taxes on capital gains are a bit more regressive than ours in some cases. But generally their rich pay their fair share in total taxation. Ironically, Sweden's billionaires per capita is 1.5 times larger than the US.

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