Many years ago, the Swedish state encouraged private pension savings. The state was so eager that an amount up to $2,400 was fully deductible. This saving would be tax-exempt until you started to withdraw money from the funds/shares. The age was set to 55.
After a number of years, the right of deduction was removed and a few years later they even began to tax these holdings. Such a breach of contract could never have been carried out in the private sector.
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