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Looks like you are confusing median / average. The US has more billionaires, and many many more desperately poor people than Finland does. > us could implement
by throwawayq3423 2y ago
Looks like you are confusing median / average. The US has more billionaires, and many many more desperately poor people than Finland does.
> us could implement similar system economically but politically probably not.
But they won't. Spending significant amounts of money on your poor is a decision made by politicians and society as a whole. Some countries choose to do it, some don't.
> But it’s not about country’s total wealth!
Again, the existence of more billionaires does not make a place rich. In fact it could prove destabilizing in the long term because billionaires use their money to lobby against policies for the poor.
The answer I suppose is that both Finland and US are rich by global standards, but the US has a middle class only because of policy decisions it made post WW2 (GI Act, housing, education, etc.) that are quickly eroding.
So yes, Finland is "richer" in the sense that a greater % of its population live better lives.