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Craving Ratio's avatar

Well done on this article/composition of memes/screen shots! I've been enjoying the reactions too. It seems like narratives are getting destroyed without us really doing anything anymore. Elon Musk buying Twitter was the tipping point I'm pretty sure.

Mihai Neagoe's avatar

The reason why disposable income in most European countries is so low is the tax burden. In virtually every country in the European Union, VAT is 20% or over. Fuel excises are around 50% of the pump price. Direct taxes on wages (whether personal tax or contributions for social security and health) add up to over 50% of gross wages.

Up until 20 years ago the trade-off was high taxes but free healthcare, education and high quality infrastructure. That trade-off is no longer the case. Europe is getting American level healthcare and infrastructure at 10x the tax burden.

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