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Isn't it true that the Western European economies are high-tax, high-regulation economies with high degrees of risk-aversion (both public and private) compared
by jacoblyles 14y ago
Isn't it true that the Western European economies are high-tax, high-regulation economies with high degrees of risk-aversion (both public and private) compared to America? Where does that stereotype fail?
From what I know, it's hard to fire underperformers in most of Western Europe. Many traditional industries are protected (like French book stores). Taxes are high. Anti-market sentiment is strong. It's not a place where I would want to start a company to do what has never been done before.
I'd like to be wrong. I hear Europe is a nice place to live, otherwise. But it is called the "old world" for a reason.
- laut 14y agoIn Monaco there's no income tax. And it's not the only country in Europe without income tax. In Estonia the marginal tax rate is 21%. In the US it's 35%+ ? > From what I know, it's hard to fire underperformers in most of Western Europe. That's typical in places like France, Spain, Italy. But as my fellow Dane tries to say in his article: don't generalize and think it's the same everywhere :)