Probably for the top 1%.
https://i.guim.co.uk...ac7987689077e74
https://www.theguard...america-lacking
OT: USA, the richest nation for whom ?
Started by
CLK
, Feb 17 2019 11:43 AM
13 replies to this topic
#3
CLK
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Posted 17 February 2019 - 12:12 PM
2014 article
Anything changed since then ?
#4
ryanoo
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Posted 17 February 2019 - 04:18 PM
USA is clearly the #1 country in the world for the mega riches.
northern European countries are said to give both life and work, while we have only work.
So, for the rest of us, any of the top ten - or even twenty countries will be just as good.
#5
ryanoo
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Posted 17 February 2019 - 04:18 PM
2014 article
Anything changed since then ?
Other advanced countries moved further ahead while we stayed the same.
#6
pdx5
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I want return OF my money more than return ON my money
Posted 17 February 2019 - 06:33 PM
USA---any one can get rich! Bill Gates, Jeff Bezos etc were not born millionaires, much less Billionaires.
In other countries, especially Europe, taxes are are so high, it is very difficult to go from less than a million to a Billion.
USA has Billionaires galore, most self-made.
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#7
fib_1618
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Posted 18 February 2019 - 09:04 AM
The USA continues to be the strongest economic engine on the planet for the simple reason that it's not Socialist based.
Yes, we ARE that exceptional...and why people believe this to be somehow unfair is rather puzzling.
Fib
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#8
robo
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Posted 18 February 2019 - 10:28 AM
I think housing is a big part of it. This is an old article, but has been going on for years now.
https://www.wired.co...cities-anymore/
"It's very hard to get people to understand that the affordable housing crisis is not for the very poor," says lawyer Mechele Dickerson of the University of Texas, an expert in housing and the middle class. It's for people with good jobs who are not poor enough to qualify for subsidized housing, nor rich enough to pay the rising housing prices. "A family that makes $100,000 can't afford to buy a house in most US cities," Dickerson says.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#9
CLK
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Posted 18 February 2019 - 10:43 AM
I think housing is a big part of it. This is an old article, but has been going on for years now.
https://www.wired.co...cities-anymore/
"It's very hard to get people to understand that the affordable housing crisis is not for the very poor," says lawyer Mechele Dickerson of the University of Texas, an expert in housing and the middle class. It's for people with good jobs who are not poor enough to qualify for subsidized housing, nor rich enough to pay the rising housing prices. "A family that makes $100,000 can't afford to buy a house in most US cities," Dickerson says.
I don't know how home prices got this high, are the materials really that high or is it the labor ? If it's in a nice area I've seen lots selling for 80-100K, but this is 10 miles outside the city. Few builders are building smaller homes now, 1200-1500 sf, most I see are 2400-4000 sf. 400-500k is common.
#10
typicalbear
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Posted 18 February 2019 - 10:46 AM
The USA continues to be the strongest economic engine on the planet for the simple reason that it's not Socialist based.
Yes, we ARE that exceptional...and why people believe this to be somehow unfair is rather puzzling.
Fib
It's a mirage.... we're throwing $T of pump-up money at it, and it comes apart with a 1/4% rise in rates.
