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America is a rich country. But the overwhelming bulk of its property and income is concentrated in the upper class. They drop crumbs for the rest of us. Sweden
by ncmncm 4y ago
America is a rich country. But the overwhelming bulk of its property and income is concentrated in the upper class. They drop crumbs for the rest of us.
Sweden, e.g., is much less rich, but its regular citizens get a decent cut. So they are mostly a little better off than the typical American.
That word "whining" is an effective trick. It distracts attention very conveniently.
- sershe 4y agoIf you look at the actual data, it's simply not true. Per capita disposable income in the US is 40% higher than Sweden. Housing spending as % of income is somewhat higher in Sweden. Household debt as %% of income is twice as high in Sweden (I was actually surprised by that). Net worth in Sweden is somewhat lower as %% of income, I guess it would make it a bit higher in absolute terms? Tax burden in Sweden is much higher for middle class. I mean it looks like my wife, who is a school teacher in the US, would be taxed at marginal 53%, not counting the VAT of 25%, that is insane. That sure is a "decent cut", just not the right way ;) What exactly does this "decent cut" translate into?