Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Sweden Got More Socialist, Economy Now BOOMING
Posted
May 15, 2017
Views
219,089
Likes
8,041
Comments
2,528
Engagement
4.82%
May 15, 2017
219,089
8,041
2,528
4.82%
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7:34Now PlayingDownward redistribution of wealth supercharges economies. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"High taxes, strong unions and an equal distribution of wealth.
That’s the recipe for success in a globalized world, according to Magdalena Andersson, the Social Democratic economist who’s also Sweden’s finance minister.
The 50-year-old has been raising taxes and spending more on welfare since winning power in 2014. She’s also overseen an economic boom, with Swedish growth rates topping 4 percent early last year, that has turned budget deficits into surpluses.
In a world still flinching from the financial crisis that hit a decade ago and the populist wave that followed, Sweden’s economic stewardship holds lessons that challenge the conventional wisdom in the U.S. on how taxes work, according to the Harvard-educated minister. Speaking in an interview in Stockholm, Andersson says success comes down to “three things: It’s the jobs, it’s our welfare and it’s our redistribution.””*
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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