European taxes is a pretty blanket term. Our standard rate of income tax is 20%, the top rate is 40%. Your tax grading is more complicated, but top rate is 39.8%<quoted text>Quinn the truth is if we are going to have European Socialism we need European Taxes. I would rather do away with Socialism and keep taxes low. We can not continue to borrow nearly half of what we spend. Hunger is a great motivator. I mean how did we live without all the government care from cradle to grave. We feed kids 2 meals a day at government expense. Let parents provide for their kids !
In the depression of the 1930s, when the basis of US welfare began, kids were virtually starving, families were homeless. Are you suggesting FDR's New Deal was not necessary? It was the first time the economic 'good times' had ended for the USA and the system was found to be severely wanting. Today, many of those on food stamps hold down jobs - but minimum wage in the USA is insufficient to provide for them - as even Bush realised, which is why the programme survived under Republican Presidents.
Be careful about dishing Europe - yet again you use the catch-all phrase of "European socialism". As I have mentioned before - socialism is not the term any economist would use, they refer to a mixed economy. Socialism involves the control of the factors of production, not simply having a system of state medical care. The GOP uses the term inaccurately as a scare tactic, just as they suggest that Obama can pick and choose what cuts come in under sequestering. He can't, that's the whole point of the draconian system of sequester. It is a last ditch attempt to make Congress, who are responsible for the budget, see sense and so cherry-picking is not allowed under the process: cuts have to be across the board (with a few exceptions such as defence).
In passing, US friends and a couple of us Brits did a comparison of medical costs in our two countries. Cost of broken leg care in UK, including use of ambulance is about £650 (just under $1,000). Cost of similar in USA -$10,000-$15,000. Difference in UK - no profit element.