Economists do it with models. Mental models. Mental models that fall to pieces the moment they are faced with the cold light of reality. - Me
I am a native Swede and I have lived in both countries so let me answer this one for you so you can focus on your economics studies and the babes at campus. In that order.The graph is probably drawn by somebody who has never been to Sweden, at least not for the past 20 years, and it is clearly outdated. The US is more socialist in many ways and you won't find much prosperity in Alabama. Or it is a mix up between Sweden and Switzerland. Or the author realized that Norway would have been a better example but came to the conclusion that no one has never heard of them so he picked Sweden just to get the message through that taxes are bad and will automatically lead to a life in misery and poverty. End of discussion.In Sweden we have high taxes but on the other hand you get a lot in return. The taxes in the US were surprisingly high (Boston, MA) and you didn't get much in return. There are no fees involved if you attend university in Sweden so you can actually have a pretty poor background and still be able to get a degree from a good university and get a good paying job. That can't be a bad thing can it? Not even for a libertarian who refuses to accept simple facts that you can combine high taxes, prosperity and individual freedom. The Nordic countries have proved that.
Dude, the graph isn't meant to be taken seriously.
I think a lot of people do actually.
USA! USA! USA! (guzzles the blood of a namby-pamby Swede)
Wait, but where's Canada? Also, as far as I'm concerned, if you aren't American, you're a dirty Commie.
While I respect your right to your own opinion, I'd like to ask you if you could perhaps label me a pedophiliac psychopath instead of a communist.
I'll compromise and give you 'sexually deviant Bolshevik'?
That's it, I'm calling a referendum.
I already ate that Swede who made the first comment.
Oh really? How symptomatic.