3 ms·
I've done no research and don't have a stake in the game, so I'm blindly just copy/pasting another comment on here. But if it's accurate I could see it being an
by flutas 3y ago
I've done no research and don't have a stake in the game, so I'm blindly just copy/pasting another comment on here. But if it's accurate I could see it being an issue.
> Population is aging and paying for the retirement money for all existing retirees is already taking up over 25% of government spending. There’s barely money for anything else so taxes and social security payments are poised to go up while already being close to ~50% for most earners.
- pgeorgi 3y agoThe tax/social contributions stuff can be cherry picked to become very high and very low to support any point people want to make. There are employer contributions in Germany that are recently counted in such calculations to prove a point, while leaving costs for "benefits" in US companies off the table when doing the comparison. Some like to add the VAT to the "what life costs here", which is a 19% (except for necessities, which are at 7%). If you refuse to accept such calculations that mix up tax brackets (popular error in that space), that immediately filters out 90% of them.