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Germany is similar. Housing costs are a part of this. As are rising food prices. But the main thing people don‘t mention is that taxes are insane right now. In
by selfmodruntime 3y ago
Germany is similar. Housing costs are a part of this. As are rising food prices.
But the main thing people don‘t mention is that taxes are insane right now. In Germany at least, the tax brackets are not coupled to inflation. I earn close to the money in the headline and I‘m at the highest tax break. As per OECD, I‘ve paid 50% of my wage as income taxes. This is after my employer paid the same amount of tax for employing me as well. We pay the highest price on energy in Europe. I pay 20% VAT on everything I buy. My Government was close to earning a trillion dollars this year and they still say it‘s not enough.
Meanwhile we‘ve been getting report after report in the news that a family of four experiences no net income difference between 3K EUR and 5K EUR because the government decreases social financial support payments depending on supplemental income after the 3K Euro mark.
Through the governments policy, they are directly subsidizing rent and increasing landlord wealth by paying out rent support in cities. High tax and lax policies keep wages artificially down.
- lifestyleguru 3y ago42% income tax kicks in at income of mere 67k. Why work at all?
- selfmodruntime 3y agoThe thing is, due to social policies and supplemental payments, there is close to no difference in net income when working part time as opposed to working full time. We have a part time epidemic in Germany, and economists have already begun rattling swords to decrease part time work possibilities in the future.
- cynicalsecurity 3y agoYou have nothing to complain about. The higher education is completely free, the healthcare is mostly free of the highest quality, the infrastructure is top notch and the salaries are amongst the highest in the world.
- selfmodruntime 3y ago> the infrastructure is top notch and the salaries are amongst the highest in the world There is a reason why our economy is shrinking. Our infrastructure is eroding, our internet speeds and network availability are a joke and public transport is as chronically understaffed as it‘s late. Schooling is also among the worst in Europe. Also, if you compare networth and savings to the rest of Europe, Germans tend to own little and have no savings. High wages mean nothing if the government takes most.
- cynicalsecurity 3y agoI do live in Germany. It seems to me you have never lived outside of Germany.
- selfmodruntime 3y agoI have. They have different problems. I am grateful for my country I would hate to leave, but I am quite dissatisfied with recent governments.
- lucianbr 3y agoI live in Romania. I have to wonder if any of the infrastructure, public transport or schooling are really better here than in Germany. It would be something, if it were true. Hopefully you can agree we are in Europe. So're Bulgaria and Hungary. Also places with better things than Germany, seems you think. Maybe you should move here. The president is an ethnic german, so you know we're not xenophobic.
- lifestyleguru 3y agoSir you are watching too much German porn and car advertisements from the 90s.