[sologoub]

For US Median ~63k vs mean ~73k: https://en.m.wikipedia.org/wiki/Household_income_in_the_Unit...

Germany (typically used as an example of a wealthy country in EU) is ~49k mean (average), so US has higher median and mean income than Germany. One can get into services, etc, but still US is a rich country.

Once you get much past north west of EU, things get decidedly poor. While situation is not ideal in the US, most Americans have considerably more luxuries in their lives (in other words higher consumption of goods and services). Whether we are consuming and prioritizing the wrong things is a different question, and I suspect your criticism is more aimed at what do we actually get in return for this wealth/consumption.

[AtlasBarfed]

You should know better, come on, income is pretty much bullshit when it comes to the rich. They don't make "income" since that is taxed. This has been true since Leona Helmsley and Cheers with the CEO making 1$ per year. The rich have wealth.

There was just a propublica about this. Anyone that knows anything about capital gains, stock options, etc (and I'm assuming you do since you are commenting on a forum run by a startup farm)

[sologoub]

Stock options and RSUs are largely taxed as ordinary income. There is a way to forward exercise options and save, but that’s super rare for non-founders (and only super successful at that). While I agree that the truly wealthy have ways to structure their wealth to reduce tax burden, vast majority work for a living and don’t have such perks.