11 ms·
If more welfare spending creates more wealth, then wouldn’t you expect the median Western European to be wealthier than the median American? Yet the opposite is
by marcusverus 3y ago
If more welfare spending creates more wealth, then wouldn’t you expect the median Western European to be wealthier than the median American? Yet the opposite is true. How do you reconcile this?
- albert180 3y agoFirst we talk about Healthcare Spending. The US spends the most and get the worst outcomes in G7. Also you have universal health insurance for Elder People (Medicare). It just doesn't make any sense to have perfectly capable workers to loose their ability to work because they couldn't get a treatment for 10.000$ in real cost (not the marked up price for Uninsured people, because the insurance companies want a rebate from the sticker price) Also if you look at GDP measured in PPP the US doesn't really have an advantage. In other measurements as HDI they trail even behind