Comment by bumby
3 hours ago
Benefits are paid based on hours worked not on rate. You also seem to confuse marginal and effective tax rates because you don’t factor in the other tax structures in the US like FICA/state/local taxes. On the US healthcare side, you have to factor in deductibles; my annual family HSA deductible is $8k. And on and on. As a general rule, I try not to spend much time debating with new accounts that miss basic facts/principles.
But this all digresses from the point: simple economic indicators like GDP without fuller context are a lazy and misleading metric for evaluating the health of a society.
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