We brought it on ourselves. In high trust homogeneous societies, not too much taxes were wasted at first.
I think tax pressure levels were unrelated to the introduction of the euro.
Edit: Except for maybe Greece (and Spain?) who were completely unsustainable with early pensions and a lot of tax-evasion. But that's an outsiders perspective.
Why would Americans not be wealthier? They have had the strongest currency for more than decades now!
It may be that Europe is cheaper than America!!
The opposite, actually.
Look at that, americans using averages instead of medians for once. 😁 Might look slightly better for Europe with medians.
Would be cool to see income after taxes... worse for 99% of Europe I expect.
Is the tax rate in Europe super high?
This seems like a good overview:
https://worldpopulationreview.com/country-rankings/highest-taxed-countries
Wow, they are really taxed over there.
And not complaining?
Was it like this before the euro?
We brought it on ourselves. In high trust homogeneous societies, not too much taxes were wasted at first.
I think tax pressure levels were unrelated to the introduction of the euro.
Edit: Except for maybe Greece (and Spain?) who were completely unsustainable with early pensions and a lot of tax-evasion. But that's an outsiders perspective.
Mmm, I hear minimum wage in the US is pretty low. Maybe the wealthy people in the US bring all those averages up.
Nobody makes minimum wage in the us. It's a strawman discussion
Indians don't understand how much richer Americans are in comparison.
https://m.stacker.news/41837
When did Iceland become a US state?
Currently EU is facing deep trouble economically. These troubles may have lowered the wages in comparison to US.
It took me years to figure this out.
People in europe have better saving habits than people in America.
See also:
#507891