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>Europe has repeatedly tried to soak the rich, and the results are always the same: Yes, the results are always the same: Europe consistently runs lower budget
by vannevar 1y ago
>Europe has repeatedly tried to soak the rich, and the results are always the same:
Yes, the results are always the same: Europe consistently runs lower budget deficits, yet provides greater benefits to their citizens. How awful for them.
https://www.cato.org/blog/spending-debt-oecd https://www.cato.org/blog/spending-debt-oecd
https://oecdstatistics.blog/2023/02/02/sizing-up-welfare-states-how-do-oecd-countries-compare/ https://oecdstatistics.blog/2023/02/02/sizing-up-welfare-sta...
- linksnapzz 1y agoEurope also consistently hasn't paid for its own defense in eighty years.
- vannevar 1y agoThey spend less than the US as a percentage of GDP, yes, but they don't spend zero: 2.5% or so vs our 4%. But who's to say they aren't right and we're wrong? Think about the cost of the Iraq and Afghan wars. Good investments?
- linksnapzz 1y agoNot allowing the Soviets to annex western europe in the 1960s. Good Investment?