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Thank you for bringing up this data point! I'm sure we both agree that's a much better argument than "trust me" :)
by Timon3 2y ago
Thank you for bringing up this data point! I'm sure we both agree that's a much better argument than "trust me" :)
- sifar 2y agoI understand, however it was a disclaimer not a "trust me". One of the main reason such metrics are not as reflective of the reality is that for developing countries, the taxes are not reported accurately. A lot of wealth is officially unreported - and it is a massive amount. Such things are not captured by official statistics, by virtue of being unreported income, which leads to an incomplete or distorted picture of reality.