I was kinda under the impression that Sweden had 60% income tax, etc.
- The income tax is something like 30% and the corporate taxes are lower than in most countries.
Still, taxes are - de facto (a fancy expression that means “in fact” more or less)- higher in Sweden than they are in most countries because of the 25% VAT/Moms (a kind of sales tax). On top of this, there are extra taxes on alcohol, tobacco, gambling etc.
BUT, I personally claim this doesn't mean Sweden is Anti-Capitalist.
We nurture a STRONG government culture, which everyone ought to be aware is very DIFFERENT from the underlying principles of the magnificent Declaration of Independence.
The US and Scandinavia are both successful in the field of democracy, freedom and economy and often, we find it easy to communicate with each other even if we might not always agree.
Personally, I think Sweden/Scandinavia has got a lot to learn from the US. Like pointed out above, traditional Scandinavian work ethics constitute a true asset, but we need more of the overall support American culture provides the entrepreneur with. In the Nordic countries, entrepreneurship is sometimes met with suspicion and envy, which of course is bad.