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This is caused by at least two things. First, as noted, crushing the little rich with high taxes. Second, the ultra rich just hide their money (funny how everyo
by User23 7y ago
This is caused by at least two things. First, as noted, crushing the little rich with high taxes. Second, the ultra rich just hide their money (funny how everyone memory-holed the Panama Papers) so it doesn't show up in the figures and count toward inequality. US mega-rich have less incentive to hide their money, in fact some US states are seen as tax havens, so the figures here are more honest.
Also, there are European countries like Germany with an income distribution pretty close to the US.
- bwb 7y agoYep, but IMO Germany has done a better job of controlling major costs which leads to less stress, ie housing and health care are much lower costs there IMO.