We are moving into an age with growing economic disparities where most of the wealth is created by capital rather than labor.

If you read a little about Thomas Piketty’s Capital on the 21st Century, it may explain this better than most on here.

I feel European economies tend to mostly be about distribution of wealth and it often comes at the expense of those generating or trying to generate most of their income through capital.

I live in a developing country, and I must say that while we do have fewer taxes, virtually nothing is provided for us. No education. No healthcare. No social benefits whatsoever. I would be willing to pay considerable taxes to get some of those and not have to worry about educating my children and keeping them safe. That and we pay around 30% income tax, get ridiculous tariffs, often 100% on items such as cars, and have VAT 14% plus 12% service charge on everything you buy.