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by nivenkos
1194 days ago
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Europe is far worse for everything being designed to serve the wealthy though. Income tax is 40+% and VAT usually 25% so you lose so much income to the state. Meanwhile there is often no property or inheritance tax, and capital gains tax much lower than income tax, so wealthy aristocrats and landowners pay a far, far lower amount of tax proportionally. It's just that the wealthy in the US are mainly industrialists, whereas in Europe they're landowners and aristocrats. |
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