Let me tell you, this study is really going to rankle the Swedes. One big reason, Europeans feel (not think) they are morally superior to us, is how they look down at how "we" treat Blacks in America. The Euros imagine them pounded down into poverty by greedy white capitalists. To have Black Americans wealthier than the Swedes is going to bug them, if the word gets out.
This study could help turn around the situation in the home of Social Democracy.
"This describes the biggest economic cost of welfarism. It's not the high taxes, it's not the cost of regulation, it's not the idiotic governmental malinvestment. The biggest cost is the loss of economic growth."Kermit, you're absolutely right. The opportunity cost is economic growth. And that's from all of that you list. This was the point that Senator Byrd missed when he had his heated exchange with Sec. O'Neal over the picture of Gulliver tied down by the Lilliputians in the budget document--a point that all on the left miss.