Earlier quoted context omitted.
I mean I lived in both ca and ny and the tax rate is pretty close to European ones. When I lived in Switzerland just the federal rate was higher than my Swiss tax rate. The big difference in total compensation after tax between Western Europe and USA is in the compensation part for people that are considered highly skilled. For example for me I get at least 2x here in CA compared to what I would get in Norway and Swi…
> Another difference there is that life in Europe is much nicer for the average middle class, but personally I think it’s nicer in the US for upper middle class, the top 10%. This is a gross underestimate. One can quibble about whether the top 40% or 80% of the US is richer/consumes more than in Europe but the idea it’s only true for the top 10% is delusional. Germany has a lower GDP per capita than every state bar M…
It’s really hard to explain and I guess having to be experienced.
I think this has not always been true, and is part of the reason why we are seeing discontent in the US right now. Life for middle class used to be a lot more comfortable.