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If Sweden and Germany were US states they would be among the poorest
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shere khan Offline
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If Sweden and Germany were US states they would be among the poorest
https://mises.org/blog/if-sweden-and-ger...est-states

On the other hand, were Australia ($29,875), Austria ($28,735), and Canada (28,288) to join the US, they would be regarded as "middle-income states" with incomes similar to the US median of $30,616.
(This post was last modified: 07-16-2017 09:13 PM by shere khan.)
07-16-2017 09:13 PM
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oliveandblue Offline
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RE: If Sweden and Germany were US states they would be among the poorest
It's quite incredible that a country the size of the USA isn't broke. We're kind of special in that regard.
07-16-2017 09:21 PM
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Kronke Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 09:21 PM)oliveandblue Wrote:  It's quite incredible that a country the size of the USA isn't broke. We're kind of special in that regard.

20 trillion in debt, and hundreds of trillions of unfunded liabilities isn't broke?
07-16-2017 09:24 PM
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oliveandblue Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 09:24 PM)Kronke Wrote:  
(07-16-2017 09:21 PM)oliveandblue Wrote:  It's quite incredible that a country the size of the USA isn't broke. We're kind of special in that regard.

20 trillion in debt, and hundreds of trillions of unfunded liabilities isn't broke?

The debt is intentional. The USA actually owes its own citizens and a bunch of multinational corporations money - a significant portion of the debt does not belong to foreign powers.

China can't call in the debt without destroying themselves, so the debt all-in-all is actually a tactical advantage.
07-16-2017 09:28 PM
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HeartOfDixie Offline
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RE: If Sweden and Germany were US states they would be among the poorest
That was really interesting and worth the read.
07-16-2017 09:30 PM
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ark30inf Offline
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RE: If Sweden and Germany were US states they would be among the poorest
Lol....create free money out of thin air...borrow it from yourself to pay for utopia. What could go wrong?

When the golden goose dies I hope we have a Mikhail Gorbachev who'll let it die peacefully.

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07-16-2017 09:31 PM
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shere khan Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 09:30 PM)HeartOfDixie Wrote:  That was really interesting and worth the read.

Not sure I buy it all, but interesting none the less.
07-16-2017 09:37 PM
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miko33 Offline
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RE: If Sweden and Germany were US states they would be among the poorest
One thing not shown is what Sweden, Germany, Switzerland, UK, etc are getting in return for the high tax burden. For example, medical care can still be quite expensive for any U.S. resident who may have moderate health issues vs citizens of the European countries that have universal healthcare. I'm not commenting on the quality of the care - just cost. Despite that, anyone who has traveled to Europe over the past few years have a pretty good idea that the standard of living for most typical Europeans is lower than for most Americans. We have larger houses, typically more land for our houses and generally access to cars with better performance and features. Bear in mind that most Europeans aren't going to have access to high performance vehicles like Ferrari's, Porsches and Jaguars. If they own cars, it's most likely to be a Peugeot, Skoda or a small name brand hatchback with a 1.5L engine.
07-16-2017 10:00 PM
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oliveandblue Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 10:00 PM)miko33 Wrote:  One thing not shown is what Sweden, Germany, Switzerland, UK, etc are getting in return for the high tax burden. For example, medical care can still be quite expensive for any U.S. resident who may have moderate health issues vs citizens of the European countries that have universal healthcare. I'm not commenting on the quality of the care - just cost. Despite that, anyone who has traveled to Europe over the past few years have a pretty good idea that the standard of living for most typical Europeans is lower than for most Americans. We have larger houses, typically more land for our houses and generally access to cars with better performance and features. Bear in mind that most Europeans aren't going to have access to high performance vehicles like Ferrari's, Porsches and Jaguars. If they own cars, it's most likely to be a Peugeot, Skoda or a small name brand hatchback with a 1.5L engine.

America truly is a country for the automobile. We have roads and cities for all types of sporty cars.

As an architect, it's amazing to see how we build relative to Europeans, and how much of our built environment the automobile really occupies.
(This post was last modified: 07-16-2017 10:07 PM by oliveandblue.)
07-16-2017 10:06 PM
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shere khan Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 10:06 PM)oliveandblue Wrote:  
(07-16-2017 10:00 PM)miko33 Wrote:  One thing not shown is what Sweden, Germany, Switzerland, UK, etc are getting in return for the high tax burden. For example, medical care can still be quite expensive for any U.S. resident who may have moderate health issues vs citizens of the European countries that have universal healthcare. I'm not commenting on the quality of the care - just cost. Despite that, anyone who has traveled to Europe over the past few years have a pretty good idea that the standard of living for most typical Europeans is lower than for most Americans. We have larger houses, typically more land for our houses and generally access to cars with better performance and features. Bear in mind that most Europeans aren't going to have access to high performance vehicles like Ferrari's, Porsches and Jaguars. If they own cars, it's most likely to be a Peugeot, Skoda or a small name brand hatchback with a 1.5L engine.

America truly is a country for the automobile. We have roads and cities for all types of sporty cars.

As an architect, it's amazing to see how we build relative to Europeans, and how much of our built environment the automobile really occupies.
Every German car I've ever owned including a BMW, Audi and Mercedes has been "over" engineered allowing for an inordinate number of failure points. They make good cars but damn man a 15 piece scissor geared retracting cup holder, wtf.
07-16-2017 11:16 PM
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WKUYG Away
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RE: If Sweden and Germany were US states they would be among the poorest
I didn't read the article so maybe this was touched on but I believe the work week/hours are a lot less in Sweden, Germany and Europe. Just a guess on my part but I bet there are a lot less two income families over there to go along with less work hours?
(This post was last modified: 07-17-2017 12:45 AM by WKUYG.)
07-17-2017 12:38 AM
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SuperFlyBCat Online
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RE: If Sweden and Germany were US states they would be among the poorest
(07-16-2017 10:06 PM)oliveandblue Wrote:  
(07-16-2017 10:00 PM)miko33 Wrote:  One thing not shown is what Sweden, Germany, Switzerland, UK, etc are getting in return for the high tax burden. For example, medical care can still be quite expensive for any U.S. resident who may have moderate health issues vs citizens of the European countries that have universal healthcare. I'm not commenting on the quality of the care - just cost. Despite that, anyone who has traveled to Europe over the past few years have a pretty good idea that the standard of living for most typical Europeans is lower than for most Americans. We have larger houses, typically more land for our houses and generally access to cars with better performance and features. Bear in mind that most Europeans aren't going to have access to high performance vehicles like Ferrari's, Porsches and Jaguars. If they own cars, it's most likely to be a Peugeot, Skoda or a small name brand hatchback with a 1.5L engine.

America truly is a country for the automobile. We have roads and cities for all types of sporty cars.

As an architect, it's amazing to see how we build relative to Europeans, and how much of our built environment the automobile really occupies.

Depends on where you live. Mercedes, BMW, Audi all sell more autos in Europe than the USA by a 2 to 1 margin. There are roads and highways all over Europe and yes people driving autos.
07-17-2017 07:19 AM
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TigerBlue4Ever Offline
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RE: If Sweden and Germany were US states they would be among the poorest
(07-17-2017 12:38 AM)WKUYG Wrote:  I didn't read the article so maybe this was touched on but I believe the work week/hours are a lot less in Sweden, Germany and Europe. Just a guess on my part but I bet there are a lot less two income families over there to go along with less work hours?

I believe Sweden has a 35 hour work week.
07-17-2017 07:27 AM
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Dragonlair2.0 Offline
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If Sweden and Germany were US states they would be among the poorest
(07-16-2017 10:00 PM)miko33 Wrote:  One thing not shown is what Sweden, Germany, Switzerland, UK, etc are getting in return for the high tax burden. For example, medical care can still be quite expensive for any U.S. resident who may have moderate health issues vs citizens of the European countries that have universal healthcare. I'm not commenting on the quality of the care - just cost. Despite that, anyone who has traveled to Europe over the past few years have a pretty good idea that the standard of living for most typical Europeans is lower than for most Americans. We have larger houses, typically more land for our houses and generally access to cars with better performance and features. Bear in mind that most Europeans aren't going to have access to high performance vehicles like Ferrari's, Porsches and Jaguars. If they own cars, it's most likely to be a Peugeot, Skoda or a small name brand hatchback with a 1.5L engine.

[quote]the left of the red column are other OECD countries, and to the right of the red bar are individual US states. These national-level comparisons take into account taxes, and include social benefits (e.g., "welfare" and state-subsidized health care) as income. Purchasing power is adjusted to take differences in the cost of living in different countries into account. [\quote]

They took into account social benefits. At least that's how o read this statement
07-17-2017 07:31 AM
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