/biz/ - Business & Finance

>>20738950
>1866-1968 = low taxes and free markets = large companies like Ericsson, IKEA, etc were founded = EXTREME growth
>1968-1990 = extremely high taxes on large companies and wealthy individuals, massive welfare state, restricted markets, attempts at government and worker union overtake of large business = large companies tried to leave, many (like IKEA) did leave = extreme decline
>1990-2020 = slight lowering of taxes but EXTREME shift in tax burden from large business and wealthy individuals to working class individuals (in Sweden there is almost no property tax and there is no inheritance tax + capital gains tax is competitive, all tax is paid by working class), relatively large welfare state, fairly free market, no attempted government take over of business = wealth is 'relatively stable' but still in decline