4 ms·
A fairly significant portion of Europe's GDP is dedicated to the healthcare and welfare for non-productive groups: the Retired, and non-Western migrants. Pensi
by ParksNet 4y ago
A fairly significant portion of Europe's GDP is dedicated to the healthcare and welfare for non-productive groups: the Retired, and non-Western migrants.
Pensions in Italy are 17% of GDP, for example.
Europe will need to cut those two groups loose and unleash massive tax reforms if it wishes to craft a better future.
- pmyteh 4y ago"Non-Western migrants" are net contributors to the state budget essentially everywhere. They're disproportionately young and employed. In any case, 'non-productive' people like retirees still need income. They could be living off rents and investment returns, or off state pensions. Both are unearned and don't reflect productivity.