Guess it's a good thing I don't live in Europe then because it would probably only make me even more bitter about the taxes than it does now. Could afford to be higher? No... they can keep their universal healthcare, it's garbage. You want to know what that equates to? Still paying a monthly sum for the worst possible coverage (basically none) because you're only meeting requirements and still end up paying not only in taxes but out the ass in the end because it's shit. All of it. Don't pay it throughout the year? Then you get fined at the end, which is also bullshit.pogo wrote:There are good arguments that US rates now are too low. Many countries manage very well with higher rates. In most of Europe, where not only are headline income tax rates higher but other taxes such as NI and VAT or their equivalents are added to them, taking the effective rate well over 50%.Neon360 wrote:Good. I think for the government to take close to anyone's income of close to 40% if fucking thievery and dropping it down to 25% is still high in my opinion but it beats the almost double 40%. We could probably afford a wall if we kept our assess out of every single country but our own and stop prying our nose in every single matter that doesn't pertain to us.
An even stronger argument is one implicitly made by Trump and other Republicans. They promise to Make America Great Again, harking back in particular to the 1950s and 1960s when the middle classes did very well, when manufacturing was the bedrock of American economic performance. But that time, when America was Great ? The top tax rate was way higher, as high as 90%.
No-one proposing restoring tax rates to such high levels. But they could afford to be higher, to pay for e.g. universal healthcare. Will never happen? A recent poll suggest most Americans support replacing Obamacare with a govt., i.e. income tax, funded system.
Majority in U.S. Support Idea of Fed-Funded Healthcare System
It's shitty to make someone pay through the nose for no real or true valued coverage just to influx more cash into the system and still get screwed in the end. Maybe it works in other countries but not here. I think the idea is to replace Obamacare with a better, reformed system but either way, I dislike it for the obvious reasons.


