The Bundesbank calculated that the seasonally adjusted number
of jobless rose by 17,000 to 4.483 million -- or 10.8 percent
of the workforce -- last month, the highest level since December
1997.
Have any of you lived or worked in Europe? I have run plants over there-we talk about their economy being in better shape than ours-which is placidly not true. Do you want to know why their unemployment is a little lower than ours right now-32 hour work weeks plus the first 24 weeks you are not working are covered by full unemployment and not counted against the unemployed roles. Now you are going to say that is great-that 24 weeks is fully covered and they work 32 hour weeks. Remember that their marginal tax rate for everybody is 48%. Yep, you make a dollar and regardless of who you are they help themselves to 48 cents worth.
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A bad day in the field is better than a good day in the office!
Duckstampede,the govt here helps themselves to quite a bit themselves.Your pay is taxed before you get it home,then they have sales tax after you spend it.Taxes on utilities.$.54 on a gallon of gas here.I don't know exactly how much they take,but I would bet it is close to 40 % on lower income people.
It depends on whether the United State electorate will resist electing the likes of John Kerry. Socialism, like Communism, is a failed form of government. Their problems are directly attributable to incredible taxes and a nanny state that controls almost everything.
The Bundesbank calculated that the seasonally adjusted number
of jobless rose by 17,000 to 4.483 million -- or 10.8 percent
of the workforce -- last month, the highest level since December
1997.
Well, I suppose this could be our future. That is, if we embraced the "democratic" socialism Europe loves do dearly.
Whoa! Are we looking at our future?
