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If companies all of the sudden didn't have to paid those 20% would I see that reflected on my paycheck? I bet you I wouldn't nor anyone else.

I've heard that falacy time and time again: "Oh, if I didn't have to pay so much taxes for each worker I could pay higher salaries."

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You're responding to a statement I didn't make. I just corrected the common misconception that the SS tax is 11%, it's not, it's 34.75% [0]

What would happen if those taxes were lowered is for economists to speculate, I'm not one (even then, as the joke goes, put a question to two economists, get three different opinions)

[0] This conversation made go check the exact values, you can find them here: http://www.economias.pt/contribuicoes-para-a-seguranca-socia...

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