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Originally Posted by Texpat  Higher taxes, less incentive to succeed, European style equality.
Misery loves company. Milquetoast businesses and heavy reliance on Uncle Sam to make sure the shiftless and lazy are supported by the dynamic and ambitious. |
I agree, and sadly I see this has already occurred in the US. Medicare and Social Security have been mismanaged by the government. People want low taxes which I understand, but they also want entitlements, which are just about 50% (or more) of the USA budget.
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Everything's free -- but everything sucks.
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This is the case, generally. As for Europe they are moving away from the entitlement era. The older generations will luck out, the younger will not be so lucky.