Quote: (07-28-2014 09:16 PM)nomadicdude Wrote:
Quote: (07-28-2014 04:52 PM)jimukr104 Wrote:
You pay for it from your taxes.
This is actually somewhat of a myth in America. When you factor in what Americans pay for taxes plus add what they pay for in premiums and co-pays for private health insurance their total is at or above western European countries.
Euros pay a lot in taxes but they get a lot back in terms of healthcare and social safety net benefits. Americans pay less in overall taxes but get back a lot less since most of the money is used for the military. Plus, America spends about twice as much for healthcare as a part of GDP than other developed countries.
I meant that EU people get the services because of taxes paid.
True and not true. America is unequal. The avg Joe might only pay a small premium for Health care because of good coverage.Mine is free for example.
We pay much lower than most EU countries. We can even live in states where there is no income tax and VAT usually is higher than sales tax. Plus our costs are at least 20-30% lower for stuff.
To make an example. My federal taxes came out to 12k last year. My income( joint) was 104k. That means I paid only 12%.
Even if I paid full/city state taxes and Fica(retired so I don't)..my total would have been 20%. Guys in those earning brackets are paying 40-50% total in other countries.
Most Americans don't pay more than a few thousand per year for healthcare and with Obama care it won't be more than 9% I think.
We also have safety nets for the poor..medicaid..food stamps, etc.
In NYC seniors are even given rent freezes so their rent is never more than 1/3 income.
The real reason our education cost so much is because of cheap guaranteed loans. I always say get rid of easy loans and it will be the way it was. People have to work hard to go to school thus less demand for it. Costs would drop. They charge whatever they want because they know everyone will pay since they can get student loans.
In other countries people also have to earn their way in for the cheap education(not all countries)
Our medical system is similar..before insurance, costs were cheaper.
In the end I like our system better(except for medical). Rather have low taxes and pay for services I use than to subsidize a bunch of people I don't know or like.
Sure we also support immigrants and illegals but difference is those programs can always be reduced or cut. Tax rates rarely go down much once you have them.
That being said every country in EU is different so can't generalize.