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Germany...a country with one of the highest levels of wealth inequality in the world (roughly equal to the US). With median net household wealth below Greece, a
by hogFeast 5y ago
Germany...a country with one of the highest levels of wealth inequality in the world (roughly equal to the US). With median net household wealth below Greece, and one of the highest proportion of billionaires in the world. Endemic corporate corruption, low competition, non-existent regulation, weak unions...people in glass houses.
Also, the US has one of the largest public healthcare systems in the world. Comparisons are slightly complicated but, as a % of GDP, it is roughly the same size as Germany (on a tax base a fraction of the size). The only nation in Europe that actually has a larger public health sector than the US is Sweden.
Work is the only way to lift people out of poverty. Germany is a self-evident example of this: the economy revolves around large corporations who are heavily protected by competition from govt. I would bet on the competitive American model that can renew itself every time over the corporatist model that protects wealthy industrialists in exchange for meagre handouts to the poors. The US tax system is a great example of the potential of redistribution (particularly, property taxes...an area of notable weakness in Germany).
- thiago_fm 5y agoPerhaps back it up with data, because everything you have written is wrong. From the wealth inequality to the redistribution of wealth.
- hogFeast 5y agoGoogle for the IMF and Germany inequality. They have written several reports on this because German inequality is the main source of financial stability globally (in addition to the Netherlands, this was China a few years ago but China has modified their position).
- thiago_fm 5y agoIMF has a very american centric view and if you understand what it has been doing to the world, mainly third world countries, you would really question all its authority on anything. Come to Germany and see if it is really unequal with your eyes. :-)