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Interesting fact of the day. USA isnt just the wealthiest country in the world. it is the wealthiest by a huge margin.
Here are the numbers:
Total household wealth by country:
United States (30.8%)
China (18.6%)
Japan (5.0%)
Germany (3.8%)
United Kingdom (3.5%)
France (3.5%)
India (3.4%)
Canada (2.5%)
That puts the USA well ahead of even China, the second largest.
For comparison USA has 50% more total household wealth than all of Europe combined.
@freemo@qoto.org Now I'm more interest in which countries have the highest and lowest wealth differences between households. You can have one household dragging everyone else up otherwise.
@FailForward @trinsec @freemo
I was about to mention the Gini Index, but you beat me to it.
@tatzelbrumm Income inequality isnt a bad thing when your poorest live well.
The poor pump in the USA is quite a bit farther ahead than the poor bump in most of the world, and thats what matters, not the dispersion.
@freemo @tatzelbrumm I tend to agree. In most western countries have a progressive tax system and the rich are heavily taxed, in the UK for example the top 5% provides 50% of the tax income. The USA is higher at 60%. While not all of this supports the poorer in society a significant proportion does. I don’t get the idea of equality except when it comes to equal opportunity to better oneself. Over taxing the rich is a disincentive to those who have the ability to earn more.
