3.13.2024

"Nobody's" money

It is common knowledge that it is easy to trade with other people's money. A clear example is tax money. Since tax money is money that is allocated to the state and municipalities without any work input, this money is valued less.

Since there is no clear sender and the fact that this money is given and expected, it makes it easier for people who handle the tax money to steal or waste it on things that do not belong to the core business. For example, a camel farm or a unicorn.

Most Swedes are in control that they pay income tax, capital tax and value added tax, but in addition to this we also pay various excise taxes which are special consumption taxes on specially selected goods and services. Another example is that the Swedes pay 25% VAT on the energy tax.

The result is a tax burden of over 50% and the biggest expense a Swedish household has.

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