It's Not That Bad In Sweden
Except that -with the risk of being regarded as nitpicky- he overestimated just how bad (i.e. socialist) things are in Sweden. He claims, quote:
"Ordinary Swedish workers face a payroll tax of 40 percent, a national and local income tax of at least 50 percent in Stockholm (the rich pay 5 percent more) and a 35 percent value-added tax on everything they buy."
Actually, the payroll tax is "merely" 33%, the general value added tax is "merely" 25% (It is lower on some items like food and news papers, but higher on alcohol, tobacco and gasoline). The marginal income tax for most workers is actually just 31.5% (differes between different Swedish municipalities, generally somewhat lower than that in the Stockholm area and some Southern Swedish areas, but higher in northern Sweden. Workers earning above-average income also pay a 20% extra tax to the central government in Sweden . And workers which is considered particularly well-off, they pay an additional 5% of their income).
While is indeed far too socialist (social democratic), it's not really as bad as Alan Reynold's claim it is.