Mark,
to clarify my point regarding the welfare trap. If approximately 50% of
my income went to the state, it doesn't mean I'm paying roughly as much
tax and such as any other Finn, although tax revenue is 44 % of GDP. VAT
is usually 23 % here, so if I used all my income to buy something, state
would get approximately 73 % of my money.
-Tuukka
Mark,
this is not an unfriendly conversation, and not something that would
stand out as inconvenient for me. I agree the USA has lots of charity.
But I'd like to point out that in the US, total tax revenue is 27% of
GDP. In Finland, it's 44 %. Although giving 5 % of money to charity is
good, it doesn't necessarily even a 17 % difference in tax revenue as
percentage of GDP. I do not expect to ever be hard up for money to
survive, but I'll remember what you said in case I will be.
-Tuukka
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