Comments by "Joey" (@Joey-ct8bm) on "Why Europe's Economy Could Catch Up With America" video.

  1.  @mrintrovert5068  Russia? We already spend over 400 billion on defense in the EU. 3 times more than Russia. That's with low spending on NATO and without going into a war economy, We also have more active soldiers than the US. It's a big weapons industry we miss in Europe. That can be build fast if you have a war economy. Within a month with a war economy the EU could be spending twice the whole economy of Russia. Russia only has half the gdp of Germany. They aren't beating the EU without using nukes. They can't even win a meat grind, because the EU almost has 300 million population more.
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  2. Americans move to Europe these days for better quality of life.
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  3. We are richer than America. We regulate our debt in the EU too. This is not the US of the 90s with 33% debt to gdp.
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  4.  @anthonyk423  We spend 300 billion more than Russia on defense and have more active soldiers in the EU than the US. That's without the UK. More than China too. We don't have a big weapons industry. We buy the weapons from you. My country gave away all the F16s and bought f35s from the US. Be glad. The US is making bank. 238 billion in 2023 just by selling weapons to foreign nations. In 2023 the US gave away 40 billion on aid to Ukraine. I miss 198 billion in aid from the US and another 40 billion as aid in 2023. I would absolute love a bigger weapons industry in the EU and it seems they finally woke up here. It's time to drop the US as a ally in the EU and start taking away taxbreaks for US companies that get free growth here. You need to understand that because we are allies we don't take your companies. That can change. You need to realize corporate tax rates are basically 0% in Europe. Even Tesla would leave the US. Microsoft and Google are already EU companies. All their money is stored in Luxemburg with a nice office in Luxemburg. Google and Microsoft are shell companies in the US. A lot of US companies do this.
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  5. Growth is just one number. You can fake growth by going into debt. The last 22 years the US had a average debt of 1 trillion dollars a year. They raised the debt almost a 100% in 22 years. This won't last. They would need to go in extreme austerity mode in the next 10 years. Sooner if Trump becomes president and cuts taxes even more.
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