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.
> 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.
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.
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.