Earlier quoted context omitted.
I’m not convinced Americans pay less in taxes. When you include state taxes, social security from the employee and employer, then it starts to look like much less of a difference. When you include health insurance and college education, Americans get much less value. I do agree with the first half of your comment. American labor laws make it easier to fire which allows employers to take more risk in hiring.
> When you include state taxes, social security from the employee and employer, then it starts to look like much less of a difference. When you count just the taxes we definitely pay less, especially in places like Texas and Florida. Well, I suppose there's the budget deficit and national debt to consider, though yours aren't exactly great either. Well, except that there's a middle income trap with social security ta…
I've had several chronic issues, including cancer surgery and the followon therapies, that I in no way wanted, that stretched out years, ensuring that we (the family) spent our ~$10K deductible for several years running. I've seen this with quite a few other people, as well. It is certain that we would have been bankrupted w/o middling quality corp health insurance. We have also had many $1000s in dental bills, in a year, quite a few times.
The idea that you could self finance these yearly cash flow (up to, what, $100K?) is absurd, unless you are really rich, but you seem to be somewhat price sensitive, so I dunno.
OTOH my sister-in-law makes > $500K/y as an anesthesiologist, and her spouse is a pathologist sadly making somewhat less, so on average the family must be doing great!
Yeah no, my Euro-fruends are aghast at the medical situation here in the US, and we all do view it as a massive effective tax on the unlucky that Europeans more or less don't have to worry about.