Sweden's economy booms with cautious turn to the right

Posted June 25th, 2011 by pmfalcon
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One of contenders for the most highly taxed country in the Western world has cut taxes significantly since 2006. Tight fiscal policy has pushed the public sector's share of GDP back down toward 50%. The economy is growing, the budget is balanced, unemployment is declining.
In five years in office, Prime Minister Fredrik Reinfeldt has repealed Sweden's wealth taxes and inheritance taxes. He has reduced the labor taxes that pushed almost all home repairs into the black market. He has championed a simple powerful idea: Work should pay better than benefits.

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