THE BIG DEBATE: American Capitalism vs. German "Socialism" - SALARIES, TAXES, & SOCIAL CONTRIBUTIONS

Growing up in the USA we are told one "truth": capitalism and the free market will always win over socialism... but is it true? I'm here to settle the debate once and for all. Comparing American & German wages, salaries, taxes, and social contributions to find out: Who actually has greater disposable income? Episode 90 | #germany #americaningermany #usa #germansalaries #americansalaries #socialism #capitalism #capitalismvssocialism #universalhealthcare #wages #taxes | Filmed December 30th, 2022 To Learn More about the Topics in this Video, Check out these videos: Free College: How can Germany afford it? (And not the USA) https://youtu.be/2Uc-ga6pYx4 THE REALITY OF UNIVERSAL HEALTHCARE IN GERMANY vs. American Private Healthcare https://youtu.be/017c4FA2zjM UNIVERSAL HEALTHCARE BENEFITS IN GERMANY | Does America do better or worse? https://youtu.be/X4pmrsiwZMk Jump to your favorite Part: 00:00 Intro 02:31 How the German Tax System Works & American Tax System Works 04:45 Inflation & the Effect on Relative Wages in Germany vs. USA 07:41 Comparing Salaries in Germany vs. Salaries in the USA 11:44 You pay HOW MUCH in INCOME TAX?! 18:14 The Cost of Tuition-Free Education in Germany 22:23 Public Healthcare vs. Private Healthcare 27:40 Unemployment Insurance in Germany vs. At-Will Employment in USA 31:29 Long-Term Care Insurance 33:56 German Pension System vs. US Social Security 36:57 OUTRAGEOUS Cost of Childcare in America 40:31 The Final Outcome & the Lamborghini Argument Other Great Videos to Check out on this Subject: Average Salaries & Working in Germany - How much Money are People making? by @RadicalLeisure https://www.youtube.com/watch?v=zSWirw6RZzc What is a GOOD SALARY in Germany ? Germany Me Kitni SALARY ACHI Hai ? by @FlyingAbroad https://www.youtube.com/watch?v=Ds9YFQlt0tQ GEAR IN THIS VIDEO: Camera: https://tinyurl.com/22a5wbe7 Microphone: https://tinyurl.com/rufut97v Lens: https://tinyurl.com/z3k73bv6 Bendy Tripod Thing: https://tinyurl.com/d4w687pk Memory Card: https://tinyurl.com/zy7j54ac External Hard Drive: https://tinyurl.com/nmters57 External Hard Drive Backup: https://tinyurl.com/vduwnaea Music in Episode: https://tinyurl.com/BLACKFORESTFAMILY DISCLOSURE: The links above may contain affiliate links. This means that, at no cost to you, the Black Forest Family may earn a commission if you click through to make a purchase. 📸 Follow us on Instagram for behind the scenes content: @blackforestfam https://www.instagram.com/blackforestfam/​ ✈️ We created our blog to help you learn more about living, studying, working, and traveling abroad! For more information about the content in this video visit ➡️ https://www.blackforestfamily.com/​ ⬅️ 📧 Sign up for our Black Forest Family Newsletter email here - https://www.blackforestfamily.com/follow-along/ —————————————————— 💳 Here’s our FREE guide to the best southern Black Forest Germany Day Trips: https://www.blackforestfamily.com/the-best-southern-black-forest-germany-day-trips/ 🛵 Our 101 TOP TRAVEL TIPS: https://www.blackforestfamily.com/wp-content/uploads/2021/01/101-Top-Travel-Tips-from-the-Black-Forest-Family-1.pdf —————————————————— SUPPORT OUR WORK: https://www.blackforestfamily.com/follow-along/ FAMILY TRAVEL GEAR: https://www.blackforestfamily.com/shop/ FACEBOOK: https://www.facebook.com/blackforestfamily/​ —————————————————— Originally from the Midwest of the USA, we moved to the #blackforest in 2013 and quickly embraced #expatlife. As American expats living in #Germany, things weren't always easy, but we've grown to love our life in Germany. We started this #travelvlog​ to share our experiences with friends and family, and to help those who are interested in moving overseas! Whether you are interested in moving abroad, working abroad, studying abroad, raising a family abroad, or just want to #traveleurope, we're here to give you a first person look at what lies ahead. 😊🎥🌎