Guest Post by Tino Sanandaji: On Swedish Billionaires

2013-11-17 National Review Online

Matthew Yglesias in Slate argues that the high per capita number of Swedish billionaires demonstrates that a generous welfare state does not preclude entrepreneurship. Tino Sanandaji, IFN, writes that "not all billionaires on the Forbes list are entrepreneurs. The list also includes individuals who’ve largely inherited their wealth". He adds that if  "excluding inherited wealth and billionaires who earned their wealth in other countries, the U.S. has twice the rate of billionaire entrepreneurship compared to Sweden".