SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (150871)9/4/2002 3:03:43 PM
From: tejek  Read Replies (2) of 1586327
 
At least 90% of the people work in Germany......complaints re income taxes are no more widespread than they are here in the US.
destatis.de

Shows a labor force participation rate of 80.1% for men and 64.9% for women.

If you mean rather that the unemployment rate is below 10% then your right its about 8% but its consistently been above the rate in the US.

Only during the time of Clinton........previously our unemployment rate would spike up to 7%, or 8%. Clinton was the first American president to reduce welfare rolls. Of course, I am afraid that's being lost under the current administration.

Besides, the German numbers include the unemployed of the former GDR. Unemployment has been chronic there and Germany has had a hard time retraining the workers. Nonetheles, the gov't is working diligently to get industry to locate in the cities of the GDR. AMD is an example.

My point was not that people in Germany don't work or complain all the time but rather that they are less likely to take risks to make new startups and do other things that would make their economy more dynamic because the expected returns are less due to higher taxes and greater regulation. They are less likely to take risks to make a fortune if most of the fortune goes to someone else.

There is no question that there is less entreprenuers in Germany but certainly not to the point where the country suffers.

Countries that have socialistic leanings seem to run very well. I don't expect Norway or Sweden or Germany to collapse anytime soon.

They have enough capitalism to generate the wealth to pay for the socialism. If they where predominately socialist they probably would either collapse or stagnate. In any case they don't run as well as they could if they had less socialism.

By your standards........by they're standards, they run fairly well. Not everyone wants what you want......and they may disagree with you on what you consider good.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News