Draghi's report concludes that Europe has reached the point where, without action, we will have to either compromise our welfare, our environment or our freedom.
It is weird how reality has caught up with forecasts and warnings from 20 years ago. I left Germany (and Europe) in 2016 for the US to pursue my ambitions there and it has been a great decision for me and my family. I left because I saw the stagnation happen in Germany in the early 2010s and I didn't want to stick around to be hit with the bill for it later. I wanted to build wealth for myself and my family - not be taxed into oblivion for wrong spending decisions the German state made year after year.
It looks like I was 1000% correct with my assessment of Germany's and Europe's future in the 2010s.
Thank you for sharing your thoughts, Tobias. I currently live in Munich, and sense the same things you did a number of years ago. Germany and many parts of Europe feel like they are living in the past, and won’t be inventing the future. That said, the quality of life is very good and compared to London, where I grew up, I can see where my taxes are going (my daughter goes to a state kindergarten that is almost free, healthcare is affordable etc etc). Americans earn more but they also need this extra income to pay for things the state doesn’t provide. Unlikely we will stay in Germany long term either, but figuring out where next is not easy!
It is weird how reality has caught up with forecasts and warnings from 20 years ago. I left Germany (and Europe) in 2016 for the US to pursue my ambitions there and it has been a great decision for me and my family. I left because I saw the stagnation happen in Germany in the early 2010s and I didn't want to stick around to be hit with the bill for it later. I wanted to build wealth for myself and my family - not be taxed into oblivion for wrong spending decisions the German state made year after year.
It looks like I was 1000% correct with my assessment of Germany's and Europe's future in the 2010s.
Thank you for sharing your thoughts, Tobias. I currently live in Munich, and sense the same things you did a number of years ago. Germany and many parts of Europe feel like they are living in the past, and won’t be inventing the future. That said, the quality of life is very good and compared to London, where I grew up, I can see where my taxes are going (my daughter goes to a state kindergarten that is almost free, healthcare is affordable etc etc). Americans earn more but they also need this extra income to pay for things the state doesn’t provide. Unlikely we will stay in Germany long term either, but figuring out where next is not easy!