Need to Know
November 29, 2019 10:40 AM
The Middle Class Always Pays
Posted by Staff
The Wall Street Journal:

Democratic presidential candidates insist that America could afford a European-style welfare state if only it taxed the rich more heavily. Europe’s beleaguered middle class knows better.

Most European nations have larger welfare and entitlement states than the U.S., though they spend less on defense. According to the Organization for Economic Cooperation and Development, government spending as a share of GDP ranges from about 56% in France to 44% in Germany and 41% in Britain. Facebook iconFacebook Fark iconFark Furl iconFurl
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