I continue to be amazed at American capital allocation. $17M for an idea to improve Git? For a fraction of that money Ukrainian housewives build anti-drone air defence systems in their garage that protect their country. For that kind of money you could build an apartment block to ease the housing shortage. You could invest in electricity resilience and build mini nuclear power plants or a small wind farm. Soviet capi…
But then again, for a fraction of the money US-Americans pay for health insurance, we actually have public health insurance here... Yes, we have higher taxes, yes, we pay more in social security... but in the end we have far less "Working Poor" and I know very, very, very, very few people who have more than 1 job. But I guess that's just socialist bullshit. What I am trying to convey is: The US lives in its own bubbl…
But the taxes remain very high, especially on income so it hits middle-class professionals the hardest. In some countries like Spain (and increasingly Sweden) they are contributing to a high structural unemployment, especially youth unemployment, too.
So in the end, the problem isn't just higher taxes, but higher unemployment and therefore lower gross salaries (before those higher taxes are even taken into account).