Sweden relies heavily on regressive consumption taxes. Moreover, the top 20% accounts for 60% of personal consumer spending. (And that’s not artificially inflated because it’s not like Jeff Bezos spends a million times more on consumer goods.)
I’ve been very consistent in favoring the Nordic tax structure, where you soak the top 40% but have low taxes on the super rich and corporations to prevent capital flight.
I’ve been very consistent in favoring the Nordic tax structure, where you soak the top 40% but have low taxes on the super rich and corporations to prevent capital flight.