12 7 / 2012

THESIS:

The difference between Europe and the US is this. Let’s say that you’re paying $1,000 per month for private health insurance. The government comes to you with a bargain: we’ll tax you an extra $600 per month, but in return you’ll get better health insurance than you’ve got right now, so you end up ahead by $400 per month. Europeans look at that bargain and think it seems like a very good deal. Americans look at that bargain with great suspicion.

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