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Norway, Sweden, Switzerland, and Iceland all have more billionaires per capita than the US.
by gok 6y ago
Norway, Sweden, Switzerland, and Iceland all have more billionaires per capita than the US.
- inflagranti 6y agoAnd both Switzerland and Norway have a wealth tax.
- gok 6y agoTrue, though in the case of Switzerland there is no capital gains tax
- onlyrealcuzzo 6y agoEurope is not the egalitarian utopia most Americans seem to think it is. Germany's wealth gini coefficient is 79.1. The US is 85.9 (100% is complete inequality, higher is worse). Sweden and Norway are both in the 80s also -- two countries people in the US constantly point to as places where things are "fair". But in terms of wealth (and income) inequality, it's not that much different. https://www.gfmag.com/global-data/economic-data/wealth-distribution-income-inequality https://www.gfmag.com/global-data/economic-data/wealth-distr...
- apexalpha 6y agoWell in defense of the European countries, the wealth might be unequally distributed here as well, but you also don't need wealth/money for education, health care, child care and/or pension.
- R0b0t1 6y agoIf you don't need money you need luck, especially for education. There are limited seats. And in Germany, you are on track for university or not when you are very young.