GP is right, if he’s only looking at Luxembourg and Switzerland. Otherwise, if you look at PPP-adjusted disposable income, even after factoring in non-monetary

GP is right, if he’s only looking at Luxembourg and Switzerland. Otherwise, if you look at PPP-adjusted disposable income, even after factoring in non-monetary income (e.g. welfare), Europe is significantly poorer than US states[0]. If France were an American state, it would be the 8th poorest. [0] https://mises.org/wire/these-us-states-have-higher-incomes-nearly-every-european-country https://mises.org/wire/these-us-states-have-higher-incomes-n...