Similar situation. And any time you use the nordic countries as an example, you have to realise that the middle class takes a huge hit for financing the equality.

Sweden has implemented a LOT of trickle down economy tax breaks for the wealthy people during the 2000s, such as completely getting rid of property tax, wealth tax, inheritance tax. Just to keep money in the country.

At the same time, the working people of the middle class are taxed really high, and that's used to show the world how equal Sweden is, while conveniently ignoring the tax breaks for the wealthy.

Redistribution always has a price, it's not like Sweden has invented a superior system that creates value out of thin air, Sweden has the poorest doctors and programmers of all the western nations, and people love to talk about equality but when they actually consider Sweden and find out that their salary will be 50% they go to another country.

Maybe not experiencing a terribly high brain drain, but the development is definitely stifled by the fact that it's so unattractive for middle class people to move to Sweden compared to other countries, even Germany is much better which is why so much of the IT companies are establishing in Berlin and not Stockholm.