Kjell-Olof Feldt

Kjell-Olof Feldt is a Swedish Social Democratic politician, born 18 August 1931 in Holmsund. Feldt was Minister of Trade 1970–75, and assistant Minister for Finance 1975–76. The Social Democrats lost power in the 1976 elections, but, after having won the elections of 1982, Feldt was chosen to be full Minister for Finance by Prime Minister Olof Palme. He was seen as a part of Kanslihushögern during his time in office.

In a Playboy Scandinavia interview, Feldt reminisced upon his own legacy within the Social Democratic Party,

"The negative inheritance I received from my predecessor Gunnar Sträng (Minister of Finance 1955–76) was a strongly progressive tax system with high marginal taxes. This was supposed to bring about a just and equal society. But I eventually came to the opinion that it simply didn't work out that way he concluded. Progressive taxes created instead a society of wranglers, cheaters, peculiar manipulations, false ambitions and new injustices. It took me at least a decade to get a part of the party to see this."