It’s weird how American liberals look to Northern Europe and completely ignore Australia. Australia is a better model for American progress. Every student gets a government subsidized, governnent-financed income-contingent loan. And many get an allowance:
servicesaustralia.gov.au/individuals/se…
servicesaustralia.gov.au/individuals/se…
Medicare for all? We have that.
One for tax people: full pass-through of corporate profits to the individual level for domestic investors, with a withholding tax on foreign investors. So no “double taxation” of corporate income. It’s good!
We have a VAT!
We have a system of award wages, which means every occupation category has its own minimum wage. We also have national collective bargaining. Unfair dismissal laws. All decided by an independent industrial umpire.
We have a national mandatory 401K system where 9% of your income goes into a retirement savings account of your choice.
The Pharmaceutical Benefits Scheme that subsidizes prescription drugs. The government through independent advice regularly decides on which drugs to quite radically subsidize.
en.wikipedia.org/wiki/Pharmaceu…
en.wikipedia.org/wiki/Pharmaceu…
The top income tax rate of 47.5% kicks in at around US$250k per year.
Mandated annual leave and sick leave. Mandated maternity leave. Government funded maternity leave. Heavily subsidized, means-tested childcare subsidies.
Obviously we don’t do step-up basis. That is a uniquely American insanity.
Oh yes how could I possibly forget: WE BANNED GUNS! A conservative government no less.
HT @nitinsri65
HT @nitinsri65
