SFC Ollie
Still Marching
It's all paid for! In the US you get student loans, when you get out of school you must commence making payments. If unemployment your age group (16-25) is 28% you pay anyway. You can't pay so you file bankruptcy, but wait; you can't default on student loans! So you tell the judge "I'll find a way to pay" and you default again. You are indicted. You tell the judge "I really need to pay rent and eat ...I will pay" what else can you say. You default again, you are indicted again. At some time consider leaving the country or being a criminal in this country for trying to get an education.
Meanwhile Germany has a unemployment of 7% and US had 9.5% (18% U6)
I prefer our system where you are responsible for you. Millions of people make it through college and pay off their loans, Just because some screw it up.. Oh well. You are right though Germany does have a better unemployment than we do at the moment. They are still quite socialist. And their tax rates start 14% for people making over 8000 Euros. And goes up quickly. And that is just the Income tax, the Fed also collects a VAT tax on top of that. along with several others I forget.... I would bet they end up with 65% or better.
I was in LV this summer. I was hanging at the outside bar at the Cabos Wabos (it's like a two-story over look on the "LV Strip"). I was talking with a German BMW executive who said he paid 43% tax. While looking out over the strip, seeing hookers, calling card vendors (for hooker and strippers), street beggars, losers, qusi street performers, abandoned old people and displaced mentally ill; I asked the guy (and his wife), where would you live if you had your choice of anywhere in the world? Answer - Germany. This couple has traveled all over the world. He said that he has never see such a spectacle as the LV strip. He went on to say (in a round about way) that Americans don't have principles in taking care of their own. I had to agree!
I guess you should pack your bags and join him there then...