In this article, we will take a look at countries with high income equality and ask the question: Does high income equality lead to a better standard of living?
I recently wrote an article about socialism in Sweden. With Barack Obama trying to implement higher taxes on the rich, the arch-conservative Fox News threatened that we would become the next “socialist Sweden” if this were to happen.
I found this to be a bit of an empty threat given that Sweden always tops the list of countries with the highest standard of living. In actuality, Sweden is not a socialist state and in many respects exemplifies a more capitalist bent than we have. What a shocker-Fox News lied!
In writing this article about Sweden, I came across two graphs that are quite telling.Read More