Thursday, October 08, 2009

The Tradeoff



1 comment:

Claus von Zastrow said...

My whole extended family lives in Europe. Yes, they pay more in taxes, and they have fewer television sets than your average American does. But they don't have to worry about health insurance, complete loss of income that attends job loss, or even retirement. That's what floors me. I know people in Europe who are guaranteed their full salaries for life, even after they retire. They don't have to save! Their blood pressures are much lower.

Big question, though: It's not clear that even their tax structures can sustain those benefits as their populations age.