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Politics : Foreign Affairs Discussion Group

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To: Nadine Carroll who wrote (100134)	6/4/2003 8:26:39 AM
From: Dennis O'Bell	Read Replies (1) of 281500

Re: European taxes vs US and employment I think Jochen's remark in his #reply-19000203 is very pertinent and should be remembered when this subject comes up. >>> One of the main problems in Europe are the rigid labor markets. While this is partly due to differences in tax structure, the main reasons for this I believe are cultural, and thus cannot be "fixed" by tweaking tax rates or distributions. All things considered, taxes and costs of doing business are comparable here and in France (the only data point I can cite from experience.) Here, some things that are handled by taxation in France are done by private insurance. In some ways this is more fair (for example landscaping is dangerous compared to office work, particularly if they ever handle felling trees or some such, and so workmen's compensation is really high for that profession), but we also have some bad side effects such as out of control malpractice insurance rates. No system is going to be optimal.

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