Current Events > Sweden's richest municipality is in financial trouble.

(+) Yeah! (+)

Danderyd is a wealthy suburb outside Stockholm where the average monthly income is a lot higher than the national average. If youve seen the Swedish Netflix show Quicksand - it is set in Danderyd.

A political bombshell was dropped yesterday when the local political leadership announced that the municipality is in deep debt after years of living above their means.

The Conservatives have governed the municipality since it was formed in 1971. Sometimes alone in majority and sometimes in a coalition with some other right-wing party like the Christian Democrats or the Liberals (liberalism here is more akin to Classical Liberalism, especially in the Stockholm region). So the economic message has always been deregulations, privatizations and tax cuts.

The municipal tax in Danderyd is low compared to most of the country because of these economic policies but now they are doing a shock increase of 1.40 SEK per 100 earned (0,15 USD per 10.47) which is a lot.

I fear that the ones who will suffer from this will be the children in public schools and the elderly in public nursing homes since there will be substantial spending cuts according to the local politicians but I worry that the cuts wont be made on the fancy projects that helped cause the debt.

The Conservatives base their national economic policies on the ones in Danderyd so this will probably create debate on a national level as well even though the Conservatives arent in power (they governed 2006-2014 though).
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@FF_Redux @scar_the_1 @Foppe @ROBANN_88
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Can't trust the politicals these days, no matter what color they wear.
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"Danderyd has a tax revenue of SEK 2,450 million. Of these, 600 million go mainly to Malm and Gothenburg."

https://www.expressen.se/dinapengar/danderyd-chockhojer-skatten-dras-med-stort-underskott-/
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conservatives and ruining things. name a better duo.

ROBANN_88 posted...

"Danderyd has a tax revenue of SEK 2,450 million. Of these, 600 million go mainly to Malm and Gothenburg."

https://www.expressen.se/dinapengar/danderyd-chockhojer-skatten-dras-med-stort-underskott-/

But they also get money back from the skatteutjmningsssystem and the main reason they are in this mess is because they have built their municipal economy on selling land which gives a one time payment and they have not saved any money like municipalities usually do to have a back up. And they spend a lot more than they have despite having a huge tax base despite the skatteutjmningssystem. So that arguement is a poor diversion from personal responsibility.

https://www.svt.se/nyheter/lokalt/stockholm/darfor-gar-sveriges-rikaste-kommun-80-miljoner-back
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I saw a good tweet about it along the lines of
"Om man inte inser att det r ohllbart att slja det som ger inkomst och samtidigt snka skatten s r man inte lmplig som politiker"
Which, to be fair, makes a bit of sense.
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"Om man inte inser att det r ohllbart att slja det som ger inkomst och samtidigt snka skatten s r man inte lmplig som politiker"

Translation: "If one cannot comprehend the unsustainability of selling that which generates income whilst concurrently reducing taxes, they're not suitable to be a politican."
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BalanceLost posted...

skatteutjmningsssystem

what a word
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Thompson posted...

"Om man inte inser att det r ohllbart att slja det som ger inkomst och samtidigt snka skatten s r man inte lmplig som politiker"

Translation: "If one cannot comprehend the unsustainability of selling that which generates income whilst concurrently reducing taxes, they're not suitable to be a politican."

A very good quote!

Parappa09 posted...

BalanceLost posted...

skatteutjmningsssystem

what a word

Oops, I wrote 1 /s/ too many but yeah

Swedish is full of long compound (?) words. Some more examples!

Realisationsvinstbeskattning.

Riksdagsvalsrstrkning.

Gymnasieanskan.

Sjukskrivningsblankett.
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sjukskterskeexpedition

On Topic, I haven't paid any attention to this and I cba to care, most municipal politicians are dumb as fuck anyway.
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BalanceLost posted...

but I worry that the cuts wont be made on the fancy projects that helped cause the debt.

Of course it won't.
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hypernervokustiskadiafragmakontravibrationer

Also known as Hiccups
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Conservatives ruining the shit they run seems to be a common theme across the western world these days
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ROBANN_88 posted...

hypernervokustiskadiafragmakontravibrationer

Also known as Hiccups

hahaha

swedish hiccups are just the worst
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ROBANN_88 posted...

hypernervokustiskadiafragmakontravibrationer

Also known as Hiccups

This is a pet peeve of mine.
It should be: hyperneuroakustiska diafragmakontravibrationer
We don't connect adjectives like that. And it's neuro-acoustic, not nevrocoustic.
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Fair point, that's technically two words that should be separate but it's always treated as one
That's the spelling Google gave me
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Yeah, English looks askance at compounds of more than two words, but I know German too will smash together as many words as you want it to.

lmao, even I got it wrong. It's not kontravibrationer, it's kontraktioner. I missed that one
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BalanceLost posted...

So the economic message has always been deregulations, privatizations and tax cuts.

Who would have ever thought these policies would cause massive debt?

I feel bad for the people living there, though. I hope their quality of life doesn't suffer.
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Master_Bass posted...

I feel bad for the people living there, though. I hope their quality of life doesn't suffer.

I don't. The people living there voted for that kind of politics. That municipality has one of the highest median incomes in all of Sweden.
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scar the 1 posted...

Master_Bass posted...

I feel bad for the people living there, though. I hope their quality of life doesn't suffer.

I don't. The people living there voted for that kind of politics. That municipality has one of the highest median incomes in all of Sweden.

I worry about the children though. They didnt vote for this and not all parents there are so rich they can afford private schools, maids and shit. I read that at least one fritids (a type of after school care for you non-Swedes) will be shut down :/
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I didnt know that private schools, maids and shit were requirements to live in Danderyd.
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Foppe posted...

I didnt know that private schools, maids and shit were requirements to live in Danderyd.

That is my point. Yes, there are plenty of filthy rich people in Danderyd. Yes, very few are poor. But not everyone is so rich they dont need the public education and care options and those two entities are at risk of getting hit with a sledgehammer now to balance the budget.
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BalanceLost posted...

scar the 1 posted...

Master_Bass posted...

I feel bad for the people living there, though. I hope their quality of life doesn't suffer.

I don't. The people living there voted for that kind of politics. That municipality has one of the highest median incomes in all of Sweden.

I worry about the children though. They didnt vote for this and not all parents there are so rich they can afford private schools, maids and shit. I read that at least one fritids (a type of after school care for you non-Swedes) will be shut down :/

Sure, that's a very good point. I worry about a lot of children. This is the reality in a lot of poor municipalities and it's awful. It happening in a rich municipality certainly doesn't make it less awful.
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