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Those numbers only make sense if the Gini coefficient of both comparison targets are roughly equal. Since the US has a much higher coefficient, it means that wa
by adra 3y ago
Those numbers only make sense if the Gini coefficient of both comparison targets are roughly equal. Since the US has a much higher coefficient, it means that way more wealth is concentrated into the hands of the few. If the US can 'force' those people to pay enough to make up for their massive over representation in wealth and net worth, I don't see you getting the wonderful gifts of socialization any time soon.
- michaelt 3y agoI think you and I are actually in agreement. I agree that Americans don't consider it a priority for their society to close the gap between rich and poor with things like free healthcare and free college education. However, I don't think that's because they're oppressed by the tyrannous yoke of capitalism. That wealth inequality allows quite a lot of people to enjoy luxuries; they've got 1 swimming pool for every 30 people, that's a lot of people with private swimming pools! Many Americans feel their high GDP per capita shows their low-tax approach is good for productivity, and that those swimming pools are proof that hard work gets rewarded in the land of the free and the home of the brave. My point is, viewed at a national level, America isn't suffering from the burdensome cost of maintaining their large and expensive military, as gessha seemed to think. They're actually one of the richest countries in the world.