3 ms·
Which countries and what measures of wealth? For example median income in the US is higher than Luxembourg and Norway.
by maxerickson 3y ago
Which countries and what measures of wealth?
For example median income in the US is higher than Luxembourg and Norway.
- DiogenesKynikos 3y agoLuxembourg, Norway and Switzerland have substantially higher GDP/capita than the US. As for median income, I think you're looking at income net of taxes, because I'm fairly certain that median gross income is higher in Luxembourg and Norway (and in Switzerland) than in the US. If you're looking at net income, you also have to factor in what those taxes do to improve quality of life (a huge amount, if we're talking about the three countries I mention above).