The reality is America is more socialist than anyone cares to admit. Ridiculously high tax rates, a one payer health system, regulations barring entry of entrepreneurs into business, funding programs of opinion through government extortion, a NATIONAL education association, a media-party complex. Just to name a few. Maybe we don’t think so because we are still more liberal(in the true sense) than Europe.
Tens of thousands of venture-financed startup companies in the U.S. would disagree with you.
“The reality is America is more socialist than anyone cares to admit. Ridiculously high tax rates, a one payer health system, regulations barring entry of entrepreneurs into business, funding programs of opinion through government extortion, a NATIONAL education association, a media-party complex. Just to name a few. Maybe we don’t think so because we are still more liberal(in the true sense) than Europe.”
- The US is, generally speaking, a more dynamic economy than the EU, at least economic growth has been higher recently (due to a larger population growth some might argue).
Anyhow, my conclusion is that today the US is very much like Europe. In terms of taxation, the major difference is that the US targets companies, while most European countries impose severe taxes on income or/and consumption (through sales taxes/VAT), but are more lenient on corporate activity.