Almost a 60% income tax and a 25% sales tax...that encourages the average person to strive for success?
Wouldn't that depend on how much the average person is saving on health care and higher education?
The End of the Road for Eds and Meds - Aaron M. Renn
So the median income is $68,000. 60% of that is $40,800.
The average cost of tuition, over all, is $22,000 a year.
Now that doesn't include people who live at home, and / or get 2 year degrees.
Columbus State Community College, has a yearly tuition of just $5,000.
So... You want me to pay $40,000 a year in taxes, to offset a $5,000 a year college tuition?
That is stupid.
Now I get it.... some people want to go to an out of state school, and live room and board on campus, and go to a private, or high end public university, where you are paying $30,000 a year..... and that makes you a moron.
Why should I pay the taxes for you to be a moron?
If you want to blow your money on over priced schools... then YOU should blow YOUR money on over priced schools.
However, EVEN IF... you go to an over priced expensive college or university... Say $150,000. You are still paying more in taxes, than you would have paid in University Tuition. And by the way... that's just the income tax. That doesn't include you paying 25% on everything you purchase. You are going to pay another $10,000 for your car, on top of the sale price. And then you include 25% tax on everything else you buy. Clothing, internet, furniture.... everything.
So if you think the Danish are "saving money" on university tuition, you are crazy.
Same is true of health insurance. Even now, with Obama Care regulations having driven up the cost of health insurance.... even now.... average Family policies are only $1,000 a month.
Well.... 60% of your income, and 25% tax on everything you buy.... way way way more money than health insurance in the US. By a wide margin.
Wouldn't that depend on how much the average person is saving on health care and higher education?
So the answer to your question is.... they are not saving anything. The cost of taxes is way higher than the cost of tuition and premiums.
And by the way, basic logic should tell you that.
Government does not have one dollar, that it does not get from the public. Additionally, government must collect more than one dollar.... in order to give you one dollar. This is because the government has to fund the operation of their own agencies, to process that system of giving you a dollar.
So if you want $20,000 worth of education, the government has to collect from you, more than $20,000 in taxes to give you $20,000 of education.
Again, this is one of the baffling aspects of left-wingers that point to places like Denmark and Sweden as examples they want to follow, when people in Denmark and Sweden are paying massive amounts of money, to get the same or less as we do.
Of the top 50 Universities in the world.... how many are from Denmark and Sweden? Sweden zero, Denmark, ONE.
University of Copenhagen which is 34th on the list. Go through that list, and see the dozens on dozens of US universities and colleges in the top 50.
By the way, if you are not from Denmark, the cost to get into university is about $20,000 a year. About par with the US.
So the cost of the actual education is not dramatically cheaper. So the tax payers of Denmark are paying 60% of their income for life, plus 25% taxes on everything they buy.... when could move to another country, and pay have that tax, and just pay $20,000 a year at the same university for the same education. Way more expensive to pay the taxes, by a wide margin.
By the way, do you think that if the people of Denmark were given the option, of cutting their taxes by say 2/3rd, and having to pay their own tuition and health insurance, that they would take that deal?
I think they would. I do. Why do I believe that? Because I know people from Sweden, that now live in the US, wouldn't go back. They came here kicking and screaming, because everyone said how horrible it is to pay for your own education and health care, but then they earn more than double what they did in Sweden, because they get to actually keep what they earn... and paying bills like that is nothing compared to the taxes back home.
So yeah, I honestly believe that if had an "opt-out" option, that would double their income in exchange for paying their own way through college and buying their own health insurance, they would take it.