I know it's hard to imagine this if you've never experienced it, but be a little tolerable to the parts of the world where this happens, including where I'm leaving in right now
As Margaret Thatcher said, the problem with socialism is that eventually you run out of other people's money.
I would gladly put ALL my savings into my own retirement plan instead of the government's money hole if I was allowed. But I am robbed of that choice...
I'll gladly pay my taxes knowing that the current retired people that didn't have the possibility to save up, can survive today. Also hoping that happens to me in case a horrible thing happens to my financial situation.
People like me, who take stress when it comes to such things, love European system but people who find it trivial to invest in markets and such find the American system better. I wonder how many people think like me and how many like Americans. I have met Americans who don't think like what I just categorized as the American mindset, and European which are opposite to. So I really cant just take the populations and answer my own question.
