In Point of Fact from NewsLink, Vol. Then, after World War II came the mass middle class. These are Americans who are comfortable, but not rich. Notwithstanding downdrafts on Wall Street and chill deflationary winds from Asia, America's mass upper class is probably here to stay - a permanent stratum of the economic bedrock that has continued to grow in size and influence. Nando Times, October 1998.
Lower taxes are just a cell phone call away.
Swedish telecom giant Telefon AB L.M. Ericsson said it signed a letter of interest to acquire an office building in London, raising the likelihood that it will move its headquarters away from Sweden. The Swedish government says it refuses to lower tax rates to accommodate large companies' recruitment problems and says that Ericsson should raise salaries instead. In recent years, Ericsson has threatened loudly and repeatedly to move its headquarters away from Sweden because the country's high income taxes make it hard to recruit foreign talent. Several other Swedish companies have already outsourced part of their operations to countries with more favorable tax rates. Almar Latour, Wall Street Journal, August 24, 1998.