Europe Can Only Afford Its Welfare State by Heavily Taxing the Non-Wealthy

in economics •  7 years ago 

In the U.S. you often hear complaints about how the rich are not paying their "fair share" (whatever that is). However, the U.S. effectively has a more progressive tax structure than most of the rest of the world, particularly Europe. The problem is that the more that welfare programs consume, the greater the tax burden that will fall on the middle class.

I was making a serious point about the United States having a very “progressive” fiscal system. The top-20 percent basically pay for government and those in the bottom half are net recipients of that involuntary largesse. I also pointed out a huge difference between the United States and Europe. Governments on the other side of the Atlantic impose much higher burdens on lower-income and middle-class taxpayers.

Source: Europe Can Only Afford Its Welfare State by Heavily Taxing the Non-Wealthy - Foundation for Economic Education

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

The problem about the middle class is begining in France. All new taxes is in this class. The probleme economic which it's pose is the centralisation of money...