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PaperclipPerfector  1mo ago (text post)   2436 thread views

Friday Fun Thread for August 2, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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Most regulations don't have obvious effects. But the cumulative effects are glaring. The living standards in Europe are lower than most US states. They have a permanent unemployment rate that is about double the US. European citizens that manage to move to the US can immediately get large increases in their effective base salaries. In addition to enjoying lower tax rates.

note that (over)regulation is not the only thing causing such results

I would bet on over regulation being most of the cause of the unemployment rates. General over regulation for many decades slowing down their economy to make them overall poorer. And a generous welfare state for the high taxes.

"most" is likely overstating things unless you count taxes as part of regulations. There are also other reasons.

40% for regulation, 30% for taxes, 30% for literally everything else is likely still giving too much credit for regulation.

Some countries in Europe have made it basically impossible to fire people for periods of time. France is a notable example. How cautious would you be in hiring someone if it meant basically hiring them for multiple years past when you want to fire them?

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