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by rhaway84773 1049 days ago
That might be necessary in the steady state but Sweden never redistributed as much wealth to the top 0.1% as the U.S. has in the last 40 odd years.

In theory the US could go very far taxing a much smaller base because it has allowed so much money to be redistributed to this tiny base.

But even ignoring that your comment is unnecessary. Even if a Sweden like social democracy is the goal (which it doesn’t need to be…there’s many stopping points in between), the US doesn’t need to do it overnight. Raising taxes on the richest and then increasing the tax rates on lower brackets gradually over the decades as needed is an absolutely fine way to head in that direction as well.