Originally Posted by scollins
How does Germany do it? Simple, they charge significantly higher taxes, duh!
From the following source: http://www2.parl.gc.ca/Content/LOP/R...prb05107-e.htm
The first chart shows the average tax rate for a single person making $40,000 with no kids in each country. Germany is at 38% while the US is at 24%. Quite a difference.
The second chart shows the average tax rate for a person with 2 children making $40,000. Germany is still significantly higher than the US. Real easy to provide more services when you take more of someone's money.
Personally, I'd rather decide how to spend my money instead of allowing the government to decide for me....
Yes they pay more. But they also get more. And the point remains that Germany pays its factory workers more. Keep in mind that $50/hour labor cost in manufacturing as compared to our $30. Would you rather be a 10 year factory worker in a BMW factory or a 10 year factory worker in Detroit?
And they are still running a huge trade surplus while we are shipping jobs to third world countries.