Comments by "Nattygsbord" (@nattygsbord) on "Income Inequality is Good | 5 Minute Video" video.

Despite all talk about a roof that limits human potental, so is the social mobility better in many countries that are more equal than America. And equal countries tend to have lower crime rates, fewer teenage pregancier, longer life expenctancy, less drug abuse, fewer people with depressions, less obeasity, and people feel as a part of a country and one society instead of just identifying themselves with people of their own kind of class. Without a broad base of consumers you can't massproduce stuff cheaply either. Don'tget my wrong, I am all for taxing hard working people low. Thats why I want a high tax on capital so the tax on labour could be kept at a minimum.
17
I don't know where you got that number from, but I'm still not impressed. GDP growth can either be the result of higher productivity, or by a growing population. In Swedens case, the latter is a strong factor. Half a million people came to Sweden last year, and today the country got 10 million people. No other country in history have tried such an extreme immigration policy. Swedens population growth rate is now in parity with 3rd world countries like Bangladesh. A high GDP isn't the same thing as a high income per head (GDP per Capita). A country can have a huge GDP and a poor population (like India). And the opposite can be true as well, like Luxemburg. So which country is the most succesful? I would argue Luxemburg is a better place to live than India. And furthermore, Sweden's national debt is low, but the population is indebted over their ears. Swedens debt to GDP ratio is the highest in the world. And this is partly a result of the housing bubble here, caused by the tax shifts I talked about, as well as the idiot policy of balanced budget constraint for the government, so the people have to go into debt just to survive when the government is doing a stupid deflationary policy. And Sweden didn't consider 7-10% unemployment as a sucess in the 1960s like we do today. 1% unemployment was the normal figure, while the oil crisis in the 1970s made unemployment go up to 3%, and then it got called "mass-unemployment". Sweden also have a growing wealth gap. The railroad system is falling apart since it got privatized. The police is breaking apart. Swedens army was perhaps the strongest in Europe in 1994, but today its among the weakest of the west-European despite defence spending is still high. Our school system togheter with Finlands (which had the same system) was the best in the world til the 1990s, but today its partly privatized and the results have fallen like a rock, while Finland still remains number 1 in the world. The list goes on and on. And Sweden is in no way unique. The Washington consensus is a disease spread all over the world. And the left have fallen in love with this shit, and they label everyone who opposes EU and unrestrained globalization as backwards and racist.
1
I was talking so much in my last post that I forgot to mention my main point :P Swedens GDP is going up, but the GDP per capita is going thanks to immigration. In addition population growth does not coincide with gdp growth. Most macroeconomist will then disagree with you. Read Piketty for example. So I don't know what you mean that no other country has never had a more extreme policy ... population growth in Sweden is nowhere near that of developing nations btw Last year no other country in western Europe or North America had a 3 times higher population growth rate than Bangladesh. And it's GINI coefficient is one of the lowest in the world Yes you are right. It could be worse. But with the last rightwing government we had literarly the fastest growing inequalities in the world.
1
Furthermore gdp per capita was not the discussion, rather growth. I apologize that due to a decrease in exports, the Chinese market slowed, it has since been revised downwards... Yet still is stronger than many others in Europe. Growth is worthless if it doesn't go to the people. Per Capita is what matters, since I don't give a shit if Wallenbergs companies make another billion or not. Swedens GDP is partly fueled by immigration, partly fueled by malinvestment into a housing bubble and partly due to our evil mercantilist trade policy, where we by artificial wage dumping can steal jobs and economic growth from other countries... like the South European countries who took a bad hit in Euro crisis. A smart trade policy should be about high wages that fuel the home market. It should be about using our plenty of cheap hydroelctric energy for making the industry competative. It should be about making things with use value, instead of increasing prices of homes with the help of inflation.
1