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Hmm, lower incomes where health care and university is provided by the government, higher income where it is not. And if you take the cost of health care and u
by unprepare 10y ago
Hmm, lower incomes where health care and university is provided by the government, higher income where it is not.
And if you take the cost of health care and university out of the US statistics, do you think they would remain higher?
back of the envelope math says no:
Its less than 10 thousand dollars higher, US health care is estimated at 5k per person on average. Given that these are household incomes youd have to multiply that by average family size, which is like 2.3 people
Its 2.3*5000 more expensive to have healthcare per family in the US
That already has wiped out the entirety of the 10k gap.
If you include free university it is even more one sided.
- aries1980 10y agoYou are comparing pears with apples, because you assume those numbers are net values after all taxes which is not true. Europeans usually pay ~80% of they gross GDP/capita at some form of tax (health insurance (personal + company level), income tax, VAT, mandatory pension plan, extras on petrol and alcohols, duty fee, etc.
- unprepare 10y agototally fair point - i didnt take taxes into account at all, i just ran with my first thought after reading the linked source