9.27.2024

Temporary taxes and subsidy increases tend to become permanent in Sweden

For transparency and my own agenda, I strongly dislike our previous government, the Social Democrats with the support of the Green Party and the tacit acceptance of the Left Party, who ruled Sweden for 8 years. At the last election, I voted for the current government.

The Swedish left has gone full bananas since the current government presented its autumn budget. Unlike the previous social democratic government who want to tax hard working people to death to increase benefits in all shapes and forms, the current government wants work to pay off.

The current opposition, Sweden's Social Democrats with their partner parties the Left Party and the Green Party, have wrongly and successfully managed to make their supporters believe that the current government has cut taxes mostly for high income earners.

That people with higher incomes get a bigger tax cut in dollars and cents is understood by anyone who can think for themselves. If one pays $3500 per month in income taxes, the reduction in dollars and cents will be higher compared to the person paying $420 per month. Percentage-wise, people with the lowest incomes get the biggest tax cut.

In addition to promoting the thesis that the tax is reduced mainly for high income earners, the opposition also claims that the reduction of the "temporary" increase in housing allowance that the former Social Democratic government, together with its partner parties The Green Party and the Left Party, introduced during the pandemic as a deterioration.

This temporary increase has remained in its original form for seven budgets until this time when our current government chose to reduce it by 25 points. If every time a temporary grant is removed it is to be seen as a deterioration, unlike the temporary support that was intended, then temporary increases should not be made.

No comments:

Post a Comment

How did we end up here?

Our shop is located on one of Stockholm's avenues, where the driving lanes are separated by trees and grass. Last week it rained non-sto...