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Old 07-05-2019, 09:11 AM
 
5 posts, read 2,824 times
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Curious what others think. Having traveled extensively to Asia and Europe, in my opinion, United States allows you to obtain more without spending more. That is to say get a bigger house, cars, vacations, consumer goods without spending as much as others spend in other countries. I would say Canada is a close second.

And a lot of this has to do, in my opinion, with lower taxes and less restrictive socialist policies, such as free education, health care, etc. when compared to other countries. For example, paying almost 50% of your money to the government is insane, and there are many countries in Europe that do, such as France. Think about it... you basically work 40 hours and get paid for 20 hours.

I know the States are not perfect (by any measures), however, do provide more economical value.
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Old 07-05-2019, 10:11 AM
 
115 posts, read 61,275 times
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Yes, but the wages are lower in the US than in Europe. So it evens out. The cost of housing is much higher in the US too. Despite having much less vacation time, we are only marginally richer than the French. America's economy has been on the decline for decades now and it shows in how Americans dress(poorly) and what cars they drive(beaters).
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Old 07-05-2019, 10:22 AM
 
Location: NE Mississippi
13,632 posts, read 8,554,879 times
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Of course not.
America offers the best opportunity for the most people, but your American dollars go much further in Belize than they do here.
Make it here, spend it elsewhere.
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Old 07-05-2019, 11:36 AM
 
Location: Tucson AZ & Leipzig, Germany
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The USA is one nation, with many different regional economies that have staggering differences in income, cost of living and even tax structure. Retail prices for food and most consumer goods have less difference from region to region than housing, medical care or wages. It is hard to make any blanket statement about the USA as a whole.

I am retired with a very comfortable retirement income. I can live practically anywhere I want, in or outside the USA, as long as I can obtain a long term visa for whatever place it is outside the USA. I made my money working in high paying telecom industry jobs in the SF bay area and in Orange County, CA, but I was paying high apartment rents during that time too.

I am in Germany for the warm weather season (May - Sept). I pay about 700 Euro ($780 USD) for a very nice, fully furnished apartment including all utilities and high speed internet, in a city (Leipzig) of 600K residents with an excellent transportation infrastructure. There are endless cultural and entertainment choices here in Leipzig and nearby cities year round. I don't need a car here. Most daily shopping needs or services are walking distance. I never even think about personal safety or getting mugged while walking around. Downtown is a 10 minute streetcar ride or bicycle ride, or 25 minute walk. The massive main train station with 24 boarding platforms has good connections to anywhere in central Europe. The airport is a 10 minute train ride from the main train station. It is safe and enjoyable to ride a bicycle almost anywhere in the city or surrounding area. If I want to take my bike with me on a train trip, I can roll the bike into a train car that has a bicycle loading area next to the seating area.

What city exactly in the USA, can provide me a bang for the buck like what I described above? Please tell me, because it will save me from a 12 hour plane trip next year.
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Old 07-05-2019, 12:14 PM
 
Location: western East Roman Empire
6,600 posts, read 10,664,793 times
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Quote:
Originally Posted by Vana360 View Post
... free education, health care, etc. ...
What on earth does free mean?

I think some European taxpayers get a better deal for the money than others. In Italy, the effective tax rate is at least 50%, even ten points higher if local and excise taxes are taken into account. Countries like Sweden and Denmark probably have similar effective tax rates.

Which of those governments would you rather pay taxes to?


My feeling in the US is that we get more or less what we pay for in terms of taxes and government services. To be sure, there is a lot of money floating around for consumption.
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Old 07-05-2019, 03:11 PM
 
Location: Boston
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just ask the globalist, it's the best place on the planet!
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Old 07-05-2019, 05:36 PM
 
5,615 posts, read 8,545,662 times
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Quote:
Originally Posted by Listener2307 View Post
Of course not.
America offers the best opportunity for the most people, but your American dollars go much further in Belize than they do here.
Make it here, spend it elsewhere.
I looked at being an expat.

Near as I could tell if I was willing to live like a native (grass hut, beans and rice, rice and beans etc) I could live on less elsewhere.I
But I could live like that here.

But to live like an American....

Well let's just say I budget $1,925/month have multiple vehicle's, steak 1\x/week, cell, internet , 2k sqft house on 80 acres etc... (AND I WASTE money) actually most months I spend less than I budget.

didn't see a savings.


...but I'm listning.
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Old 07-05-2019, 05:58 PM
 
Location: Haiku
4,056 posts, read 2,566,050 times
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Quote:
Originally Posted by Vana360 View Post
And a lot of this has to do, in my opinion, with lower taxes and less restrictive socialist policies, such as free education, health care, etc. when compared to other countries. For example, paying almost 50% of your money to the government is insane, and there are many countries in Europe that do, such as France. Think about it... you basically work 40 hours and get paid for 20 hours.
Yes you pay a lot of taxes in Europe but you are also not paying insurance premiums, deductibles, or co-pays for healthcare, and you don't go broke putting you or your kids through college, and you don't have to scrimp and save for retirement and still worry if you will have enough. All of those things are covered for you, through your taxes.

Really, you are getting your money's worth in socialist countries like Europe tends to have, but you also have a bit of a nanny state. But seeing as how the US is full of people who make bad choices and end up in a financial mess, it is no wonder that the nanny state has evolved.
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Old 07-05-2019, 06:37 PM
 
Location: Whereever we have our RV parked
8,761 posts, read 7,689,871 times
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If you spend your money wisely, yes.
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Old 07-05-2019, 09:02 PM
 
7,888 posts, read 5,024,944 times
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Quote:
Originally Posted by Vana360 View Post
... paying almost 50% of your money to the government is insane, and there are many countries in Europe that do, such as France. ...
Quote:
Originally Posted by TwoByFour View Post
Yes you pay a lot of taxes in Europe but you are also not paying insurance premiums, deductibles, or co-pays for healthcare, and you don't go broke putting you or your kids through college,...
The tax-issue begs closer comparison. In the US, taxes are heavily contingent on lifestyle choices, such as whether one happens to have children. For a single person without children, no mortgage and no deductions, who earns at or just above the annual Social Security income-cap, the cumulative income tax rate (including both sides of FICA) is something like 40%... and more, in a higher-tax state.

In America, the costly things are higher-education, healthcare and services such as legal representation. People who are sufficiently fortunate as to be healthy (and well-insured!), with no student-debt, would likely find themselves with "more bang for the buck" than in most other first-world countries. But their taxes, while perhaps lower, are only very slightly lower.

What is notably inexpensive in America is cars. The market is very efficient, taxes on cars are low, and the used-market is impeccably deep.
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