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> This what pretty much keeps them fixed in their respective bracket. The most recent study suggests that European countries have higher class mobility than th
by michaelchisari 10y ago
> This what pretty much keeps them fixed in their respective bracket.
The most recent study suggests that European countries have higher class mobility than the US does. High taxes are not holding their populations back, especially if it results in cheaper medical care and universal education.
I agree that our spending focus is terrible, though.
- dogma1138 10y agoThat study was flawed to some extent it wasn't about class mobility it was about generational income. When you adjust for the massive immigration coming into Europe from Africa and the Middle East and from new member state joining in you get a completely different picture. Sure you can easily hack the system if you are from Poland or Romania just move to the UK for a few years and when you go back home you move up the ladder. But when you look at local/native population the picture is completely different. In the UK which traditionally had one of the highest class mobility figures in the world adjusted for immigration the middle class growing in England was mostly old money running out of it not people becoming richer. And more importantly when you look at debt and net worth rather than just generational income the picture in Europe as a whole is dire.