Sunday, June 02, 2013

The Swedish "Miracle"

You've all read the Lefty paeans to Sweden--how that social-welfare ultra-high-tax State has prospered, children are all above average, women are strong, men are handsome, yadayadayadayada...

Now we know why.

The International Monetary Fund lamented Friday that Swedish households pay their mortgages so slowly that they are planning to do an average of 140 years.

"Financial stability is [...] reinforced by a steady reduction in repayment schedules - that exceed an average of 140 years," the IMF said in a statement after a mission in Sweden

One can afford, easily, a high tax-rate, if one doesn't pay for one's house.

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