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Sweden has one of the largest wealth inequalities in the world. This might be unexpected given how how the aggressive taxation keeps the income equality high.

pbadg3r 5y ago
Wow this is fascinating, GINI for wealth inequality is definitely not talked about enough
- boxed 5y ago
  It's a lie though. https://en.wikipedia.org/wiki/List_of_countries_by_income_equality https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...
  - quickthrowman 5y ago
    Income and wealth are two different things.
    - dagw 5y ago
      In some ways the low income inequality is driving the high wealth inequality. The income 'equality' means that the top end wages are quite low by global standards, meaning it is basically impossible to build wealth by just working hard and getting a salary. In the US it is absolutely possible to become a millionaire simply by working your way up the ladder at a large corporation. In Sweden that is basically impossible since there are hardly any jobs offering those sort of salaries.
- tryptophan 5y ago
  Yeah I was pretty surprised as well. Made me re-consider how much of a bubble of ideology I am in. How could I NOT hear about such a statistic for so long?! Especially with all these other inequality statistics being thrown around.
  - dagw 5y ago
    Another 'fun' fact about Sweden is that has some of the highest levels of unsecured debt pr capita in Europe.
ElViajero 5y ago
> Sweden has one of the largest wealth inequalities in the world. Sweden has a low income inequality. Around 20% of the population are immigrants that have yet to accumulate wealth, myself included. If you own an apartment in Stockholm you are already many times richer than any newly arrived. And, at the current prices, it is going to take them 50 years to pay for such an apartment. So, the system needs time to let everybody accumulate wealth. That is to be expected. That does not mean that the situation is perfect. In Sweden, like in the rest of the Western world, big corporation does not pay taxes in the country but in tax havens. So, much more can be done to increase the change of everybody getting a good life. tldr; Sweden is a rich country, newly arrived people from poor countries have no wealth and it is going to take them decades to catch up even if they get a fair salary.
boxed 5y ago
No. This is blatant lie found in a second on Google. https://en.wikipedia.org/wiki/List_of_countries_by_income_equality https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...
- mrep 5y ago
  Your link is for income, not wealth. For wealth inequality, sweden had the 3rd highest gini in 2019: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_inequality https://en.wikipedia.org/wiki/List_of_countries_by_wealth_in...

pbadg3r 5y ago

Wow this is fascinating, GINI for wealth inequality is definitely not talked about enough

boxed 5y ago
It's a lie though. https://en.wikipedia.org/wiki/List_of_countries_by_income_equality https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...
- quickthrowman 5y ago
  Income and wealth are two different things.
  - dagw 5y ago
    In some ways the low income inequality is driving the high wealth inequality. The income 'equality' means that the top end wages are quite low by global standards, meaning it is basically impossible to build wealth by just working hard and getting a salary. In the US it is absolutely possible to become a millionaire simply by working your way up the ladder at a large corporation. In Sweden that is basically impossible since there are hardly any jobs offering those sort of salaries.
tryptophan 5y ago
Yeah I was pretty surprised as well. Made me re-consider how much of a bubble of ideology I am in. How could I NOT hear about such a statistic for so long?! Especially with all these other inequality statistics being thrown around.
- dagw 5y ago
  Another 'fun' fact about Sweden is that has some of the highest levels of unsecured debt pr capita in Europe.

ElViajero 5y ago

> Sweden has one of the largest wealth inequalities in the world. Sweden has a low income inequality. Around 20% of the population are immigrants that have yet to accumulate wealth, myself included. If you own an apartment in Stockholm you are already many times richer than any newly arrived. And, at the current prices, it is going to take them 50 years to pay for such an apartment. So, the system needs time to let everybody accumulate wealth. That is to be expected. That does not mean that the situation is perfect. In Sweden, like in the rest of the Western world, big corporation does not pay taxes in the country but in tax havens. So, much more can be done to increase the change of everybody getting a good life. tldr; Sweden is a rich country, newly arrived people from poor countries have no wealth and it is going to take them decades to catch up even if they get a fair salary.

boxed 5y ago

No. This is blatant lie found in a second on Google. https://en.wikipedia.org/wiki/List_of_countries_by_income_equality https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...

mrep 5y ago
Your link is for income, not wealth. For wealth inequality, sweden had the 3rd highest gini in 2019: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_inequality https://en.wikipedia.org/wiki/List_of_countries_by_wealth_in...