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Europe's finances are in dire straights under the heavy pensions and existing government spending. The US also has high debt, but has much lower taxes than the
by daedrdev 1y ago
Europe's finances are in dire straights under the heavy pensions and existing government spending. The US also has high debt, but has much lower taxes than the EU so can theoretically raise revenue if it really needs to, while Europe has little room for more taxation
- Jackpillar 1y agoIn the context of an AI revolution influenced requirement for UBI, the political mobilization & effort required to sort the financial situation of Europe is exceedingly more attainable than the effort & mobilizations required to (A) passing a UBI bill, (B) raising taxes (lol c'mon), and (C) distributing said resources into a social safety net in the US that is not means-tested to hell and equally distributed and fought at every corner by corporate America. We're the only developed western country on planet that doesn't have healthcare as a human right and you think our governments will pass a universal basic income?