Regarding your editorial “
One Secret of Mamdani’s Success” (July 13): New York’s debate over Mayor Zohran Mamdani’s agenda treats capitalism and a strong safety net as rivals. They aren’t.
Sweden, the model often invoked by the mayor’s allies, has no wealth tax and no inheritance tax, and its corporate rate is 20.6%. Stockholm scrapped its wealth tax two decades ago precisely because it was driving capital and entrepreneurs abroad. The benefits New Yorkers admire in Scandinavia are funded by economies built to attract investment, not tax it into leaving.
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