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...and why combined tax rates for the middle class are around 50%. As someone who's lived in the Canadian health care system and the US system - it is absolute

by q1w2 4y ago

...and why combined tax rates for the middle class are around 50%. As someone who's lived in the Canadian health care system and the US system - it is absolutely lower quality than what average private employer healthcare plan provides in the US. Even before covid, Quebec's healthcare system was in crisis with packed ERs having dozens of neglected patients on beds in the hallways for weeks... GP access is impossible with waiting lists 3 years long. ...and the nursing shortage was bad before - now because covid caused the government to order nurses to do forced overtime. Americans have rose-colored glasses when they think about the quality of care in Canada. The truth is that Canadian healthcare is better for people that cannot afford healthcare. ...and American healthcare is far better for the average person that is employed with those benefits. It's a simple tradeoff. Significantly higher taxes + healthcare for the poor (Canada) vs better healthcare for the average middle-class employed person (US).

unclenoriega 4y ago
The US already spends more than double what Canada spends per capita. If we had the cost efficiency of Canada's health care system, we could by double the health care without spending more than we already do.
- tekknik 4y ago
  The US spends more because our care is higher quality. If you want to see a specialist for instance, the top of their fields will be here because they can charge what they’re worth.
bawolff 4y ago
> ...and why combined tax rates for the middle class are around 50%. I think you are confusing middle class and 1%. Stats canada says middle class is $45,000 to $120,000. That is a marginal tax rate of about 30% depending on what province and where in that range you fall (quebec is closer to 40%). https://www.mackenzieinvestments.com/en/services/tax-and-estate-planning/tax-rates https://www.mackenzieinvestments.com/en/services/tax-and-est...

by q1w2 4y ago

unclenoriega 4y ago

The US already spends more than double what Canada spends per capita. If we had the cost efficiency of Canada's health care system, we could by double the health care without spending more than we already do.

tekknik 4y ago
The US spends more because our care is higher quality. If you want to see a specialist for instance, the top of their fields will be here because they can charge what they’re worth.

bawolff 4y ago

> ...and why combined tax rates for the middle class are around 50%. I think you are confusing middle class and 1%. Stats canada says middle class is $45,000 to $120,000. That is a marginal tax rate of about 30% depending on what province and where in that range you fall (quebec is closer to 40%). https://www.mackenzieinvestments.com/en/services/tax-and-estate-planning/tax-rates https://www.mackenzieinvestments.com/en/services/tax-and-est...