alt Hacker NewsHigh taxes don't work, that's why Europe is stagnating badly, and declining in many areas.
When you directly compare the US to Europe, the gap is widening rapidly.
Pretty clear that the high tax model is a complete failure. Not to mention a European brain surgeon is paid like a slave compared to an American one, and you can make those comparisons across any industry.
A Senior Engineer in Stockholm makes less than a new grad in the US, for example. And pays higher taxes!
Replies
drnick1 • today at 5:18 PM
All the "social Democrats" of Europe will be downvoting this. Too bad they don't have their own HackerNews. Europe just can't come up with stuff like YCombinator.
Do low taxes in the US work for anyone other than the Epstein class? Ancient, crumbling infrastructure, rising cost of living & basic necessities, stagnate wages, shrinking middle class, massive transfer of wealth from the working class, worsening education and healthcare, corrupt government at all levels (corrupted by the benefactors of those tax cuts), market consolidation and collusion resulting in less choice, higher prices, and on and on. It's not all bad of course, for example some luxuries are cheap (such as phones or TVs.)
Sweden may have fewer billionaires flying child models to tropical paradises for coke and popper fueled orgies, but I'm guessing their senior engineers plans for long term unemployment or serious injury/illness don't often include choosing between suicide or homelessness so maybe they're doing something right? I'm sure a happy medium exists and we don't need to go back to our 'great' (1950s) era tax rates though