/biz/ - Business & Finance

>>23554448
I guess that depends on your definition of sensible

I know a guy that wanted to build an apartment complex who ended up having to spend millions on moving a frog that was on his property
he also had to move the frogs stupid pond several hundreds of meters

the frog died like 1 year after the move
not because my friend killed it but because it's a frog and frogs don't live that long

>>20737198
>>20737267
from 1940-1990 Sweden was the wealthiest country on earth
in fact - no other country could even come close to our wealth
we had a population of 5-7 million and yet we had a large basket of world leading companies - Ericsson (which was basically Apple + Qualcomm back then), Volvo, SAAB, SFK, Securitas, H&M, IKEA, Skanska, Electrolux, etc.
back then Sweden was also a tax haven - we had the lowest tax rates on the planet

all this extravagant wealth lead to people voting for a massive welfare state so from 1940 to 1990 our tax burden went from 10% to 50%
many Swedes ended up paying more than 100% tax - yes the actually got tax bills that were higher than their income
meanwhile the average Swedish female worker took out 25 sick days per year - men took out 14 per year

this lead to currency speculators realising that Sweden was going down the shitter and that the Swedish currency was massively overvalued - which it was
so in the 1990's the Swedish Krona lost half of its value and was only 'saved' by the massive increase in interest rates and a roll-back of welfare programs