2 ms·
My economic knowledge is lacking, how good of a metrics is PPP? Specifically this jab: > showing that the bottom 10% in the US have the same incomes (yes, PPP
by dtech 8y ago
My economic knowledge is lacking, how good of a metrics is PPP?
Specifically this jab:
> showing that the bottom 10% in the US have the same incomes (yes, PPP adjusted) as the bottom 10% in either Sweden or Finland.
> While the top 10% have very much larger incomes than the top 10% in either country.
> All that redistribution hasn't made the Nordic poor richer than the American poor but it has made the rich poorer.
If PPP is a good metric, that would mean there are about the same percentage of people starving and lacking medical care in the US as in Nordic countries. That is incorrect if general media portrayal is correct.