Comments by "zjeee" (@zjeee) on "Why Germany is Rich But Germans are Poor" video.

@afjo972 You can't compare - different living costs, taxes, salaries and so on.
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To be fair a large amount of people that "own property" really don't. They took a loan for that property and the bank is the true owner of the home until it's paid for which is usually around when it is time to retire. You can't say the person owning property have 1000 more because they have to pay off that loan too. Even if you rent an apartment out your monthly loan payment will be higher than the rent you get for someone living there.
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@asozialesnetzwerk To be fair that's around the number for Sweden more or less - would not be surprised if Germany's numbers are somewhere in that area. You have to remember it is not 75% income tax it's in total. You pay income tax in Sweden that is anywhere between 35-55% then you pay 25% VAT on everything you buy. Don't get me started on Alcohol and fuel. You even pay tax on your pension. All in all at the end of the day a large part of what you earned goes to the government, my parents in Sweden pay half their salary to the government already so adding VAT and all that I am sure they would reach around the 70% mark easily. Well why don't you invest? Yeah good idea ooh right 30% tax rate on any profits made on your investment, nice! That's one of the reasons I moved to Asia when I had the chance, used to pay 40% income tax in Sweden now I get the same salary with a tax rate of 8%, half of that I get back in tax reductions for having children and so on.
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@leostabauer5930 Which part of taxes are capitalism? If you look at socialist countries they have higher tax rates which would seem it's the opposite.
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Yep, I just moved to Asia, my salary is around the same but living expenses are a lot lower. I went from 50% of salary for rent for my 1 room apartment in the capital city of my country to 10% of my salary for a nice 4 room apartment.
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It's not about Capitalism it's about tax rates, if anything Germany pretty socialist compared to countries like the US.
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Yes home ownership is a poor metric, Chinese home ownership is more than 90% but what people don't realize is YOU don't own your home if you are still paying off that loan, the bank does. The minute you cannot afford the loan payments anymore that home goes to the bank to be sold.
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@kenseitakesi4521 Then you move into the social welfare states of northern Europe and realize it's even more expensive because everything is taxed to fund social programs. The problem is high taxes and outsourcing of food supply. We are over-regulating our own farmers and then we buy our food from abroad. Then when there's a crisis like COVID or war like Ukraine - Russia prices rise because we get our food from outside.
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@paul1979uk2000 I don't think the governments are blind, they are the ones passing the laws favoring the elites and the big companies most of the time. The problem is a lot of the politicians have made themselves the elites, just check the US congress using insider knowledge to get them and their family rich. Bernie Sanders used to talk about taxing the millionaires, now he is saying taxing the billionaires is enough - so what changed? Well he became a millionaire himself...
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It's not universal, in some countries it's the opposite. Where I am from old folks tend to vote conservative and the young vote left. You go to a university here you would think you are living in Cuba - universities are breathing grounds for left wing policies here.
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Hah not sure how that works out but I used to live and work in Sweden and worked my ass of one month - lots of overtime. When I saw the salary slip I realized I worked myself into a higher tax bracket. There literally was no point doing overtime I just increased my tax rate making each hour worth less.
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@shauncameron8390 And then what will happen? The rich will just take their money and move elsewhere. Just look at New York losing their wealthy residents to states like Florida due to their policies. I would just prefer smaller government and less government spending = less money needed = lower taxes. Stop sending foreign aid, stop all these social programs, shrink the military, shrink government employees. Less money needed to run government, less need to overtax your citizens. Do we really need to send all that aid money to foreign conflicts all over the world? Gaza, Israel, Ukraine etc.
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They are too busy spending all that tax money on immigrants from the Middle East.
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Europeans are spending more money tending to migrants from the Middle East than they do on their own.
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@chrisr4769 They spend money on the wrong things, they tax their citizens to hell then use a lot of money for things that generate no return. Infrastructure will always pay off in the long run, yes. A lot of social programs that lead to nowhere though, they take in many refugees, spend lots of money to educate them then after half a decade they either move back to their country or they work and send most of their earnings back to their home country. Europe spends a loooot more money on education than the US yet if you want the best education in the world US is the place to be. Throwing money at a problem does not always solve it.
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