How Do Safety Nets Stack up?

The global pandemic has exposed stark differences in the safety nets wealthy economies have built for emergencies.
 
In Europe, wage support programs protect millions of people who also have access to nationalized health systems. Americans rely on Congress—as in the Great Recession—to take emergency actions such as the recent round of stimulus checks.
 
But Europe’s safety nets come at a cost: higher taxes.
 
Which system is better? “I’m not going into that discussion because that is really a huge issue,” says economist Andre Sapir of the Bruegel research institute.
 
AP

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