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The U.S. has a significantly higher GDP per capita than Canada.[1] The U.S. also has a significantly higher average wealth per citizen.[2] But if you look clos
by mfoy_ 11y ago
The U.S. has a significantly higher GDP per capita than Canada.[1] The U.S. also has a significantly higher average wealth per citizen.[2]
But if you look closely at the second source, you'll see that the U.S. actually has a REALLY low MEDIAN wealth per adult. This indicates a large inequality.
The problem in the U.S. isn't that there isn't enough wealth to go around, it's that it's not going around.
[1]https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
[2]https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...