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Unformatted text preview: right there next to us being just as productive in few hours and working longer when those of the U.S. retire. But were Americans! There couldnt be any better place than our own nation! Look at Europes taxes in compared to ours: according to GDP it ranges from 36 to 44 percent where the U.S.s is at 28 percent. It could be argued the Europe is the better economy or that the United States is the better economy but honestly in my own opinion it stands the same. Both are so close in dynamics and statistics I guess the main factor of whether or not you would live here within the states would be taxes. As Krugman says, the belief that even modestly higher taxes on the rich and benefits for the less-well-off would drastically undermine incentives to work, invest and innovate. Personally Europe sounds like a much better place to me, but I could be biases because I have never traveled there before....
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This note was uploaded on 10/31/2010 for the course BSC 402 taught by Professor P.steele during the Spring '10 term at City University of Seattle.
- Spring '10