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re: If Great Britain were a U.S. State, it would be the poorest.
Posted on 9/9/23 at 11:38 am to Taxing Authority
Posted on 9/9/23 at 11:38 am to Taxing Authority
quote:
Youve mixed up cost with price.
One person’s cost is the buyer’s price. And vice versa.
0
Posted on 9/9/23 at 11:40 am to Privateer 2007
quote:The "metric" was Great Britain, not "another country." If you are under the impression COL is less in Britain than in Mississippi, you've obviously not traveled there.
For example, an MRI costs $3000 here, while an MRI with same instrumentation, software etc might be $100 in another country. The same output is given 30x value in one country over another by GDP metric.
Posted on 9/9/23 at 11:42 am to Privateer 2007
quote:
while an MRI with same instrumentation, software etc might be $100 in another country.
And I might be Elon Musk.
Posted on 9/9/23 at 11:43 am to anc
Ryan McMaken had a great piece on this a few years ago.
This post was edited on 9/9/23 at 10:10 pm
Posted on 9/9/23 at 11:47 am to Figgy
quote:The reference is GDP per capita.
No. Not even close.
$47K in Mississippi
$46K in Great Britain
Posted on 9/9/23 at 11:52 am to BengalOnTheBay
quote:
OBVIOUS they're discussing per capita numbers.
It’s possible but I didn’t bother looking it up. But ANC needs to edit the OP. The GDPs aren’t anywhere close.
Posted on 9/9/23 at 11:53 am to Figgy
quote:It's a fact.
It’s possible
Posted on 9/9/23 at 11:55 am to Figgy
quote:
It’s possible but I didn’t bother looking it up.
I did, because I knew that's what they were referencing.
2022 per capita GDP for MS was about $47,800; for the UK, about $45,600.
Edit: Missed NC_Tigah, he covered it all.
This post was edited on 9/9/23 at 11:57 am
Posted on 9/9/23 at 11:58 am to Privateer 2007
quote:
Need to look solely at tangible shite(food, energy, manufactured goods) to assess true economic output.
And what did you find if I may ask?
Also not so sure that two of those are good indicators.
This post was edited on 9/9/23 at 12:00 pm
Posted on 9/9/23 at 12:04 pm to NC_Tigah
quote:
It's a fact.
Well there’s quite the difference between GDP and per capita GDP. The OP is misleading. Don’t argue otherwise. An edit by the OP fixes all of that.
Posted on 9/9/23 at 12:07 pm to Taxing Authority
quote:
Youve mixed up cost with price.
Right.... because we don't spend any federal money on healthcare in this country
Posted on 9/9/23 at 12:10 pm to anc
quote:
Mississippi has passed Great Britain in GDP.
That’s not even close to being true. Totally false in fact.
Posted on 9/9/23 at 12:12 pm to NC_Tigah
quote:
The reference is GDP per capita. $47K in Mississippi $46K in Great Britain
Ah. I guess asking OP’s who cite articles to simply be accurate is too much of an ask these days.
Posted on 9/9/23 at 12:13 pm to oklahogjr
quote:
now do quality of life between Great britain and Mississippi....
I would guess quality of life outside on inner city Jackson and some of the poor delta towns is pretty high.
Posted on 9/9/23 at 12:20 pm to Figgy
quote:The OP says "If Great Britain were a U.S. State, it would be the poorest."
Well there’s quite the difference between GDP and per capita GDP. The OP is misleading. Don’t argue otherwise.
Does that sound like a reference to GDP, or does it sound like GDP/capita? Serious question.
MS is generally regarded as the poorest US state, but its GDP is $130B. Vermont's GDP is $38B.
If GDP is the poverty metric, Vermont must be dirt poor.
Posted on 9/9/23 at 12:21 pm to anc
Yep, Now look at how Great Britain compares to the rest of Europe.
Americans don’t realize how Blessed we are.
Americans don’t realize how Blessed we are.
Posted on 9/9/23 at 12:31 pm to Privateer 2007
quote:
There are issues with goods passing through ports contributing to GDP.
Basically, we just shuffle money around nowadays and let us masquerade as economic output.
Our GPD figures grossly overstate our actual wealth.
Posted on 9/9/23 at 12:32 pm to NC_Tigah
Dude, he put GDP. Not GDP per capita. They’re different and you know it as does everyone else. I’m not taking up for GB here. But the OP is misleading. Multiple posters have pointed it out. He may have meant otherwise but ultimately he put GDP.
Posted on 9/9/23 at 1:25 pm to oklahogjr
quote:
quantifying the heirachy of needs and weighting it by tier would be fair i'd think.
great idea okie hog jr
Posted on 9/9/23 at 1:45 pm to NC_Tigah
quote:
The OP says "If Great Britain were a U.S. State, it would be the poorest." Does that sound like a reference to GDP, or does it sound like GDP/capita? Serious question.
Sounds like a very clear reference to GDP.
If it said the average Briton was poorer than the average Americans in the poorest State, I would say GDP/capita.
But no GB would not be the poorest US state if it were one. It would be top 5.
This post was edited on 9/9/23 at 1:49 pm
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