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At one point the author complains about 20k of social charges overhead on a 50k job. Then a few lines later he says that it's cool that in Europe you mostly don
by carlob 14y ago
At one point the author complains about 20k of social charges overhead on a 50k job. Then a few lines later he says that it's cool that in Europe you mostly don't need to pay 800/mo in health insurance.
Those 20k are the equivalent of the health insurance + 401k. The only difference is that they are mandatory (and IMHO are a much better allocated).
- switch007 14y agoThe landscape in the UK has changed somewhat in the last 5 years. Some foreigners like to think when we pay 30% in tax we receive unlimited resources whenever we retire and the government will tap in to our pot of "savings" whenever we need medical assistance. This simply isn't true. The "national insurance" payments don't even cover the cost of the NHS (£96.5 billion in 2010-2011 vs NHS budget for 2011-2012 of £106 billion).