Post
Topic
Board Economics
Re: Crypto, Universal income and cryogenics the redistribution of wealth
by
stompix
on 07/09/2019, 20:50:17 UTC
That's not accurate. Some of the top 10 economies in the world such as Germany and France are also in the top 10 for welfare spending, and also include social housing and socialized medicine.* They are not bankrupt, and in fact both have lower amounts of debt in terms of GDP than countries with much lower welfare spending such as the US and Japan.

*Socialized medicine is cheaper than the US medical system anyway, but don't get me started on that. US tax payers actually pay more in tax towards healthcare than citizens in most European nations, and they also have to spend thousands on health insurance and bills as well.

This is because of the stupid damn definition of social spending.
You don't have the same pensions in the US as you have in France or Germany.
And it gets even worse for a lot of other countries.

For example, I've been employed for 4 years by the military, but since I was no active soldier, I was paying my usual social security tax as every citizen, BUT when I will (if) retire I'm going to enjoy the pension not from the state fund but from the Defence Ministry under what is called again, completely idiotic "social benefits for people served in the army", so it's going to be labeled an f welfare program although in reality, I did pay all my taxes for it just like a normal doctor!

Second, and that is the problem.
Those policies work in economically developed countries.... till they go down!
They worked flawlessly in Venezuela when they were rich, they failed when there were no money left.
Worked perfectly in Sweden till the '80 when social welfare spending nearly send the country bankrupt.

This is the problem with the system, it works while you have money to throw away when you don't...