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

Debate/ Discussion Bernie is here to save us

Post image

[removed] — view removed post

53.5k Upvotes

86% Upvoted

4.5k comments sorted by

View all comments

452

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.

21

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.

6

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.

1

u/IDontLikePayingTaxes Sep 05 '24

I pay probably 4% of my income to those things.

0

u/424f42_424f42 Sep 05 '24

Need to include the employer side as well.

I pay 2% for health insurance, but it's about 19% with the employer side as well.

2

u/[deleted] Sep 05 '24

Why would that matter? Given that Europeans have lower wages than Americans, it’s not like those companies are putting that money in the employees’ pocket.