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re: Do Americans Know What a Massive Ripoff American Life Really Is?
Posted on 9/28/21 at 2:20 pm to Shorter Yards
Posted on 9/28/21 at 2:20 pm to Shorter Yards
There is so much wrong in that article I don't even know where to begin.
The biggest things:
1. American median income is higher than virtually all European countries of any size (usually 20 - 40% higher), so demand pressure is going to be stronger on basics.
2. Even besides that, purchasing power adjusted, America is an even richer country than all but a handful of tiny European countries. That is, the data pretty clearly says that we make more money, have more take home and disposable income, and it doesn't cost as much more as it should to live here relative to our income levels.
3. His point about utilities is just straight up wrong. America has pretty cheap utilities relative to a lot of European countries (except France, thanks to their nuclear programs).
4. European countries do pay for all that shite even if they don't see it. Subsidies cost money.
The biggest things:
1. American median income is higher than virtually all European countries of any size (usually 20 - 40% higher), so demand pressure is going to be stronger on basics.
2. Even besides that, purchasing power adjusted, America is an even richer country than all but a handful of tiny European countries. That is, the data pretty clearly says that we make more money, have more take home and disposable income, and it doesn't cost as much more as it should to live here relative to our income levels.
3. His point about utilities is just straight up wrong. America has pretty cheap utilities relative to a lot of European countries (except France, thanks to their nuclear programs).
4. European countries do pay for all that shite even if they don't see it. Subsidies cost money.
Posted on 9/28/21 at 2:25 pm to AbuTheMonkey
quote:
4. European countries do pay for all that shite even if they don't see it. Subsidies cost money.
Most utilities here are also heavily subsidized.
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