The Corner

Welfare State Utopia is Unfair!!

I love this story:

Sweden’s rich ‘are richer than we thought’

The richest one percent of people in Sweden own up to 40 percent of the country’s personal wealth, according to a report due to be released soon. 

The report’s authors, from the Research Institute of Industrial Economics in Stockholm, say that the richest one percent of Swedes have a combined fortune of 1,800 billion kronor ($281 billion). The figure corresponds to about 32 percent of private wealth in the country.

The study’s results differ markedly from official figures. Statistics Sweden’s calculations put the size of the fortune controlled by the richest one percent at 19 percent. The difference is due to the fact that the official figures do not include wealth tied up in family-owned companies, according to Dagens Nyheter.

If the wealth of Swedes who live abroad is counted the proportion controlled by the richest one percent rises to 40 percent. Under this model, the wealth of people such as Ikea founder Ingvar Kamprad and the Rausing family of Tetra Pak fame can be counted. When Swedish billionaires abroad are counted, the combined wealth of the top 1 percent rises to 2,700 billion kronor.

In a related story: Swedish millionaires don’t think Swedes work hard enough. 

Most Popular

Culture

Courage: The Greatest of Virtues

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Or Listener), As the reporter assigned the job of writing the article about all of Sidney Blumenthal’s friends and supporters told his ... Read More
Immigration

My American Dream

This morning, at 8 a.m., I did something I’ve wanted to do for as long as I can remember: I became an American. I first applied for a visa in early 2011, and since then I have slowly worked my way through the system — first as a visa-holder, then as a permanent resident (green card), and, finally, as a ... Read More
U.S.

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More