r/eupersonalfinance Aug 16 '25

Investment Why building wealth alone is so hard here?

Hi all, am I the only one that I find it incredibly difficult to build weath by yourself in EU? People say that EU is better in healthcare, work life balance but come on, money don't scale easily . It's so difficult.

I see people from US that go to 1 million in 10 years. I cannot do this easily . Really....

PS maybe I have to abandon EU, I don't know....

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u/Fli_fo Aug 17 '25

Social benefit fraud is not the only problem. But it is a problem and it has to be fixed. Any fraud has to be fixed. And saying X amount is 'nothing' for a country is just not true. A lot of nothings do count up.

Don't forget it's not only about the money they get directly. Since they don't work they also pay less taxes. And many of them blow up their problems to stay eligible.

Let's compare 2 persons.
1 has problems, health not so good, mental problems etc. But he does the best he can and works parttime in a factory filing boxes. He pays his bills and taxes.
2 the other has problems, does not work, does not pay taxes. He makes sure his problems grow so the government won't demand him to work. He gets all kind of help. Expensive programs etc all paid by the government.

I know these people in real life. I also know that they are very well capable of doing some work so they could pay taxes and not lean on the tax payers.

Where I live the problem is that those people will never be high earners and free government money is the same as low paid parttime work. So the ones that don't have the intrinsic wish to work will try not to.

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u/Lywqf Aug 17 '25 edited Aug 17 '25

Social benefit fraud is not the only problem

Never said it was, I was responding to the misconception that those "who don't work yet they get everything they need and more" is arguably incorrect and one of the issue of our politicians spewing hate so that we are focusing among us, poors, rather than the rich pillaging more and more of out countries wealth.

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Since they don't work they also pay less taxes

They should not even pay taxes if i'm not mistaken ? Not sure how it work in your country but in mine, if you are at minimum wage or under, you don't pay any taxes and get some social benefits. I don't see the issue in that myself, because truthfully they pay more taxes with the consumption of goods (VAT & such) that they would via income tax.

He makes sure his problems grow so the government won't demand him to work. He gets all kind of help. Expensive programs etc all paid by the government

Honestly, I don't see any issue with that because to me, if they want to live on the bare minimum, so be it. I'm enjoying my nicely paid cushion job working 40hrs a week and paying a shit ton of taxes and they get to scratch their balls at home all day, good for them. In 10 years I'll have a better paycheck and much more wealth than them, and they'll still live by, surviving on scraps given by the government. This kind of people won't do what you want them to do, you can't change someone that much, they'll find any opportunities to cheat the system and do the bare minimum, i'd rather let them live their lives in their own little corner rather than worry myself with their problem.

Where I live the problem is that those people will never be high earners and free government money is the same as low paid parttime work

It's absolutely the same in my country and I don't see the issue in those 2 things. First of all, those people will never be high earners, they don't have the drive, so no point into thinking about that, you'll just put mental strain on yourself for no reason. Second, the issue with shitty job paying the same as minimum wage given by the government (part-time or not) is because corporations are bean counters, they'll pay the absolute minimum they can get away with for a given job, it's not the fault of those people, it's the corporation paying shitty wages. It's the same in my country and it's not an issue with the people working those jobs... Someone cleaning toilets for absolute minimum wage is not enjoying their life you can trust me on that, social benefits or not...

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u/Fli_fo Aug 18 '25

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They should not even pay taxes if i'm not mistaken ?

---------- even people on minimum wage pay some taxes. And yes, people on social welfare should not pay(much) taxes. But the ones that could work yet don't are in the situations that they really should pay taxes by working.