Saturday, May 22, 2010

We're Not Making This Up

Is America headed down the same path?

At a time when European economies are drowning in debt and finding it difficult to shake off the recession, along comes the EU to declare that tourism is a human right and that governments should subsidize vacations for those who can't afford nice trips.

Turns out Europeans labored just as hard as--sometimes harder than--we did until the 1970s, when Europe's tax burden started to become heavier and heavier. As people got to keep less of what they earned and goods and services became more expensive, thanks to an ever rising value-added tax, Europeans, not surprisingly, opted for more leisure time and tax-free benefits.

Source: forbes.com

0 comments:

Post a Comment