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> While Sweden has relatively low income inequality, it has extremely high wealth inequality. The wealth is old industrial and aristocratic money. Salaried peo
by lifestyleguru 2y ago
> While Sweden has relatively low income inequality, it has extremely high wealth inequality.
The wealth is old industrial and aristocratic money. Salaried people don't accumulate wealth.
- dagw 2y agoIndeed. The low income inequality is in many ways a contributing factor to the high wealth inequality, since it is virtually impossible to become wealthy in Sweden just by working hard and earning a salary. Virtually no 'normal' jobs have a salary much above $200k. Whereas in the US that salary is quite achievable for a lot of people by just working your way up in a normal corporation. Even CEO salaries in the biggest Swedish companies rarely break $1m and if you break $2m you have among the very highest salaries in Sweden.