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1. Thorwegian ❄️ (thor@berserker.town)'s status on Wednesday, 08-Nov-2023 19:14:49 JST Thorwegian ❄️

   how does Europe fund its generous welfare benefits?

   simple: https://en.wikipedia.org/wiki/List_of_sovereign_states_by_tax_revenue_to_GDP_ratio

   France's tax revenue is 46.2% of its entire GDP. for Sweden, it's 44%. for the United States, it's 27.1%. for India, it's 18%. for Nigeria, it's 3.6%.

   (note: this is not what a wage earner pays in income tax. it's the sum of all taxes that a country collects, divided by its national revenue; the volume of trade.)

   the further down the list you get, the lower the taxes are, and the worse off the country is.

   i'm not saying that if you just raise the taxes, this will fix everything. but it's an observation...