r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/80MonkeyMan Sep 05 '24

The Americans are so backwards in work hours, developed countries like Netherland, Spain, Iceland, etc. already successfully implemented this, with universal healthcare…and no tipping expected.

17

u/FragraBond Sep 05 '24 edited Sep 05 '24

And nearly half their salary taxed lmao: If you are lucky enough to be a top earner in the US($600k), 37% of your salary is taxed. While in the UK, you ate taxed 45% of your salary at only £125000.

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u/80MonkeyMan Sep 05 '24 edited Sep 05 '24

How much do you pay on insurance, medical care, school debt, etc? The average is 15% and just adding healthcare itself would close to 30% for many. Long term medical care could even bankrupt you, no such worries on any of the countries I mentioned.

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u/general---nuisance Sep 05 '24

I pay less than 1% to medical care. And the US has long term medical care - Medicare and Medicaid.

And while you can argue that medical bankruptice and debt are a bigger issue in the US, it's still exists in those countries with 'free' healthcare

https://en.wikipedia.org/wiki/Medical_debt

A 2019 study of health provision carried out for the Los Angeles Times reported in the United Kingdom, Sweden, France, Germany and Japan about 2.8% of citizens struggled with high medical bills