Re:Dutch entrepreneurs avoiding negative interest by opening...
by WalterBright on Wednesday September 01, 2021 @07:41PM
(#28386945)
Is a wide and deep social safety net essential? All the biggest, most prosperous companies are US based.
> who is lucky
I know it's popular these days to say one's success is all luck, but we both know better :-) You've made some good choices along the way.
Do you consider the wide and deep social safety nets of Canada, Uruguay, Ireland, France, UK, Germany, Austria, Belgium, Netherlands, Denmark/Nordics, Spain, Italy, Israel, Australia, New Zealand, Taiwan, Korea, and Japan as "wealth redistribution"?
From the perspective of an academic economist: I do.
From the perspective of an average working Joe, who is lucky to not yet fall into such safety net: I do not.
The social safety net is essential for a well-balanced, modern, highly industialised, capitalistic, wealthy country.
To be clear, when I use the term "social safety net", I mean (at least): healthcare, education, housing, unemployment, and retirement pension.