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There are many good points in the article. I worked in Switzerland for a couple of years and there are also some inaccuracies to keep in mind. 1. Yes, the aver
by bwanab 10y ago
There are many good points in the article. I worked in Switzerland for a couple of years and there are also some inaccuracies to keep in mind.
1. Yes, the average Swiss makes more than the average American, but the cost of living there is also much higher. So much higher that on a purchasing power parity computation, the average Swiss makes $58,600 compared to $56,000 for the average American (source: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PP...). That's a long way from the stated $91,000.
4. Wealth-based taxes. Yes, the Swiss Federal taxes are very low. That is entirely offset by cantonal taxes. This isn't a good thing or a bad thing depending on your perspective. The Swiss cantons are very independent compared to U.S. states and provide most services locally. But, as a tax-payer, you'll be paying an equivalent amount to both levels of government as you would in the U.S. Only the ratio is going to be different.
While I can vouch for the amazing unemployment benefits, I will also point out that for the many HN readers who are software developers, you would find that your profession doesn't have nearly the status in Switzerland as it does in the U.S. Anecdotally, when I lost my job, my unemployment benefits were great, but the jobs I could find were pathetic compared to what I could find back in the U.S. which is where I ended up despite my regret in missing many of the benefits of Swiss life the article discusses.