A meme on Facebook is touting Sweden for their universal health care, low prescription costs, social security, five weeks of paid vacation, and a year of paid maternity leave.
Some people aren’t impressed.
“Those socialists pay too much in taxes. I’d never tolerate that!”
However ... A family in Iowa with an annual income of $50,000 pays over 67 percent in federal and state taxes, Medicare, Social Security, and healthcare combined.
Here’s the kicker; the Swedes pay less for more at a rate of 60.5 percent.
I’ve taken the time to break it down:
Health Insurance: $18,132 (based on averages across the nation)
Social Security: $3,100
Total: $33,822 per year
Hospitals charge an average of $2,000 per day (not including tests and procedures), and prescriptions can easily cost hundreds if not thousands. Those lucky enough to have insurance most likely have a copay.
Roads and bridges are crumbling, our educational system is in need of serious reform, people are dying from little to no healthcare (or going bankrupt for the right to live), and Social Security is nothing but a Ponzi scheme.
We are not getting our money’s worth.