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Income taxes are indeed lower in a number of countries, but social payments are of course higher (which should then probably be compared to private insurance payments for health care and contributions to pensions), leading to the usual ranking of "net public charges" on income being higher in Europe overall.


In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Mar 20th, 2006 at 09:52:39 AM EST
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yes but there is a difference between who makes the decision and spends the money, isn't there?  If you believe that the state knows best as to how to plan you individual retirement, and your healthcare, then the more socialized system is for you.  the economic and social outcomes, IMO, are different--and not all positive for one side versus the other, just different.
by wchurchill on Mon Mar 20th, 2006 at 12:25:32 PM EST
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