A good rule of thumb at this point, honestly
A good rule of thumb at this point, honestly
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25 comments
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Lol this has been a good rule of thumb for a while. There's not a richer nation on earth that feels poorer than the US.
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Who woulda thought the most capitalist developed nation on earth would also have the most inequality?
It's almost like thats a features of unfettered capitalism, not a bug.
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... but we're far from the most unequal nation on earth?
Inequality is a feature of capitalism, but it's not as simple as a linear relationship between the development of capitalism and inequality.
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Among developed countries. The situation is low and middle income countries is very different and not comporable.
Goverment regulation to protect the working class and promote unions is the remedy for this which the US is sorely lacking.
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Goverbmenr regulation to protect the working class ans promote unions is the remedy for this which the US is sorely lacking.
Definite agree here.
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Wait 12-18 months.
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More recent data from Our World in Data.
The only countries with a higher Gini coefficient after taxes (higher=more inequality) are Mexico, Turkey, Brazil, Costa Rica and Chile.
https://ourworldindata.org/income-inequality-before-and-after-taxes
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Is this adjusted for GDP per capita? Because apparently US workers are the most productive in the world so they really should be all doing well
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It really is. I've lost count of how many times I've visited the US and the massive class divide and disparity, plus the general state of despair, hits me every time
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For the average person.
If you are rich, there is no better country in the world than the USA.
But if you work for a living you'll be getting ground into powder.
Sadly 50% of the population think they are rich, so they don't even realize how awful they have it. Being afraid of getting sick and going bankrupt is insane in 2025 for a civilized country.
Yet here we are....
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I'd disagree, a stable and well functioning society is better for the rich - but they'd rather have instability and a penny more, than seeing the poor prosper in any fashion.
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You only got one thing wrong The rich look at a poor person with a penny and think "that penny could be mine". They don't even see the poor person, just the penny.
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And the craziest part is that unless you're homeless in the US, you're in the top 10% wealthiest in the world.
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No man, I mean for the rich too.
It is depressing to travel around the US and see crumbling infrastructure, poverty, crime etc. and that makes you feel much less safe overall.
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25 comments