Will it be like Sweden? In fact, America is defeating Europe

“There should be a law!” Go to the old frustrated refrain. Or, if not the law, perhaps another regulation or power of attorney – perhaps what makes us, like Europe. After all, they have “free” healthcare, maternity leave, quality of life, and more vacation time. In a nutshell, “Europe is better,” as Oliver Stone, director of the millionaire, said.

But it's not that fast, says investigator John Stosel. In fact, this or economically disrupted countries may be called “European sick people,” but the reality is different now.

The sick are in Europe.

As Stossel wrote in Reason Magazine this week:

America needs more rules to protect workers, some from both parties say.

Sen. Josh Hawley (R-Mo.) wants to increase the rules that empower the union.

… (Former President Barack Obama administration official) said, “There's no fairness, no fairness, no safety concerns, no children's concerns!”

European countries say “Europe is better” as they are increasing the number of laws protecting workers.

That's nonsense, says economist Sven Larson in my new video. He grew up in Sweden, but now he says, “If you're a worker, you don't want to live in Sweden!”

One reason is that the unemployment rate is 10%.

“If you get fired, there's no work for you,” says Larson.

A few years ago, the American economy stretched its neck and neck to raise the neck and neck of the European Union. Then, about 15 years ago, Europe stopped growing.

Today, the US is 50% plentiful – although there are over 100 million people in the EU.

From more perspectives, consider Mississippi, the poorest state in America, to be richer than most European countries.

To be fair, some of the stagnation of European growth may be explained by continents with an average older population than the US. However, there are other factors.

Statistics, statistics, and more statistics – as long as you can see

Another reason Europe is relatively poor is that “the exact same policy that ignorant Americans want to copy.” For example, “higher taxes on the rich.” However, the reality regarding this was explained by the late British Prime Minister Margaret Thatcher.

“The problem with socialism is that you end up using up other people's money,” she said.

In fact, after taxing the rich, you “almost taxing the rich,” economist Larsen elaborated.

To illustrate this point, it is important to note that people sometimes argue that we can easily fund the government. All you need to do is “pay a fair distribution.” But will this really work? Now consider the analysis of late economist Walter E. Williams, provided in 2011.

Taxing all incomes above $250,000 will increase around $1.9 trillion towards the federal budget. Seizing the entire profits of a Fortune 500 company will earn you an additional $400 billion. And then there are 40 billion American billionaires. “The total net worth is $1.3 trillion,” Williams wrote. “Congress was able to confiscate stocks and bonds and force them to sell businesses, yachts, planes, mansions and jewelry.”

Now, guess how many years this will fund the US government.

Answer: Zero.

In fact, Williams said that all this confiscation would “just take us in mid-August.”

Of course, today there are more billionaires in the US. The profits of the companies are generally higher than in 2011, and there are more wealth. But the federal budget is also much larger.

The morality here is that you cannot tax the outcome of financial irresponsibility.

Do you get what you pay?

Larsen also points out that the “average Swedish worker” pays more taxes than his American counterparts. But wouldn't they be in return, for example, “free health care”?

“No, you have the right to release health care,” says Larsen. “But whether you actually get healthcare is another story. I have a friend who died in the Swedish healthcare system.

It's not just Sweden. In 2011, the UK's Director of Socialization Medicine passed away after being forced to wait nine months at his hospital.

But that's still getting worse. In Sweden, “Mr. D.” was rejected for more effective medications for multiple sclerosis. why? It was 33% more expensive than the old medicine.

Kicker: Mr. D was not even allowed to pay for the drug himself. He was said to violate the principle of equal access to medicine. (More socialized medicine horror stories can be found here.)

The economy is approaching fossilization

Here are some points that Stossel creates in his report:

Almost 40% of the European Union's spending is heading towards welfare, resulting in stagnation. As a result, Europeans are more likely to get stuck in dead-end jobs. This also means that Europe has little innovation. In Europe, Stosel says, “Zero is the world's largest company.” The EU has an incredible 395,000 pages of regulations. Above all, they make it very difficult to fire workers – no matter what they do. This makes hiring workers unattractive in the first place. These rules also curb entrepreneurship. Starting a business means jumping through endless hoops. In Europe, unions are so empowered that they can act like a mafia. However, politicians do not dial the bureaucratic state. It gives them strength.

Of course, this is not new information. Walter Williams noted that ranking countries based on economic team level (EFL, “capitalist” orientation) creates strong correlations. Countries with the highest EFL rankings also tend to be the richest, healthy and most free. These rankings are generally the poorest, not healthy, and the most authoritarian.

Ah, but what about what “equal” statistical countries offer? That is also mainly mythology. Here, it should be noted that Switzerland has far more billionaires per capita, triple the number of US and Sweden. (This is what I said, and as I explained, equality is an unrelated measure. Equality tells you nothing about quality.)

One thing Stossel doesn't mention is that European countries can spend so much on welfare since World War II, as the US has put forward bills to their defense. However, this gravy train may be nearing its end. And this soon follows the end of the European welfare state.

For those interested, here is the entire Stossel video report.