alt Hacker NewsAn economy is there for the people. The people in Europe seem to have a higher quality of life than those on the other side of the Atlantic, don't you think?
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CamperBob2 • today at 1:00 AM
Is that why they're electing far-right parties at an unprecedented rate?
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I wouldn’t say the quality of life is higher. Incomes are lower, taxes higher and we know disposable income is linked to quality of life to a degree.
Also, GDP per capita is what pays taxes. Taxes pay for social programs and infrastructure.
The EU is going to have a lot of trouble paying for social programs if its economy is in the dumps.