Some of the low rates are probably because of child subsidies
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Pension funds’ assets as percentage of GDP: Netherlands (red) vs United States (blue) https://data.oecd.org/pension/pension-funds-assets.htm …pic.twitter.com/yrXm0S8h4Z
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The operating expenses of private pension systems vary wildly, but generally less individual choice seems to be cheaper to manage https://www.oecd-ilibrary.org/social-issues-migration-health/pensions-at-a-glance-2017_pension_glance-2017-en … (page 160)pic.twitter.com/CjaDNTGYIt
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The 11.6% in Canada is a bit of a fluke for married, single worker, 2 children. Other family and work combinations pay about 25-30%, which is in line with the UKpic.twitter.com/DQEno094oR
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I’ve really struggled to justify to Canadians in NL why the taxes are so high here.
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Canada and the Netherlands have about the same level of government spending https://stats.oecd.org/viewhtml.aspx?datasetcode=NAAG … And both governments generate about half of their revenue from income tax https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html … https://www.rijksoverheid.nl/onderwerpen/prinsjesdag/inkomsten-en-uitgaven-van-het-rijk-2020 … So I don't knowpic.twitter.com/C2cWoLjfJf
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Canada seems unrealistically low
Denmark is impressive
United States is HIGH
Netherlands prepays pension obligations