US products are already overpriced! How do you propose we pay the workers more? They already have amazing benefits! I know, I have family who work for harley. Insurance, sick time, family care are all phenomenal! What else can we give these people? I am with you that the VIP's are making WAY too much money! Greed is the downfall of humanity!
Interesting to see that you think your family member has phenomenal benefits... At the moment I'm in paternity leave on the sixth and last week of it. My wife had her maternity leave since 1st of february 2008 until I took over in mid December. In other words, getting a kid here, means either 47 weeks of total leave with 100% salary, or 54 weeks with 80% salary. Six weeks of them are especially for the father. The employer pays you, but gets it refunded by the government.
There's full kindergarden coverage throughout the country, which is great of course. We don't have to worry about not getting a spot. Still, despite that, we don't have to pay more than 200 bucks a month for it.
Furthermore, we have 5 weeks of vacation time every year. Nothing less. People retire at the age of 65 with a pension of 67% of the average income the last few years of work life before retirement (you can of course have your own, private pension plan on the side). We get paid if we should become unemployed, yet the unemployment rate is 2% at the moment. It might go up to 3-4% the next year or so, but still. One might think that people want to get unemployed, but empirically, that's not the case.
One might wonder how a nation can afford this? Well... We pay an income tax of roughly 35-40% (but still have the best purchasing power in the world, maybe except for the Swiss) The more you make, the more you'll likely have to pay. We have a so called pension fund, which is an investment fund governed by the federal reserve. I think the total balance of that now is something like 1500 billion NOK, or 250-300 billion $. That's 50.000 $ for each Norwegian. No more than 4% of the expected returns from the fund each year, will be taken into account to the public expenditure budget. This means that we have a huge reserve that we CAN use if things are going bad.
I really don't see what's wrong with socialism, especially when considering that we can buy all the similar services that US citizens HAVE to pay to survive. But we don't have to. If it's possible for America to adopt only a fraction of this, I'd be happy for you.
All I wish now, is that the weather gets a little warmer:thumbup: