Sweden hit by mounting welfare costs

submitted by useless_aether from (bloomberg.com)

all 6 comments
sorted by:
top
newinsightfulfun

[–]magnora7 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (5 children)

I guess this is the endgame of having too many people that they can't support in the long-term, despite best intentions. Now their gov't money is spread too thin, and it's probably eventually going to end up financially imploding like Greece did in 2009.

You can't give out more money than you have, unless you own your own central bank and money creation abilities. And sweden, much like greece, does not own that. The EU does.

They have an aging population combined with over-immigration, it seems. If they'd stem the immigration numbers a bit so they could stabilize, they might have a chance to not have a greece event.

Every year about 1.5% of the entire population of sweden's worth of immigrants arrive. https://upload.wikimedia.org/wikipedia/commons/e/e5/Statistics_Sweden_%28SCB%29_annual_Immigration_and_Emigration_2000-2017.png Total population of sweden is 10.1 million.

Sweden is almost 20% immigrants by population now, extrapolating from this 2012 data: https://www.ssb.no/en/befolkning/artikler-og-publikasjoner/_image/204256.png?_encoded=2f66666666666678302f35382f&_ts=1497a5de048

When they bring in so many people who typically need a lot of support, it's no wonder that their welfare financial situation is being significantly strained. Nothing wrong with immigrants, but don't take in more than you can actually support...

[–]useless_aether[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (3 children)

the migrants might find another target country and even those in sweden might want to leave if the handouts stop. and the welfare state will have less control over the people. win-win-win

[–]beermeem 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Do you really see any chance of that happening?

[–]useless_aether[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

no, just in in theory! no free money would drive them out so fast your head would spin. but ofc there will be always money for the migrants even if sweden goes bankrupt. i guess they will nationalize ikea if they have to

[–]beermeem 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (0 children)

I prefer your original point. I was incorrect to doubt you.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Unchecked immigration and falling economic conditions will probably make the next few decades interesting to say the least.