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by erichocean
1556 days ago
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From How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes: https://www.youtube.com/watch?v=Ot4qdCs54ZE > The Netherlands skew falsely high on the GINI coefficient because house loans are insured by the state, causing many families to technically be in large debt, beyond the value of their houses. That makes it hard to trust the wealth numbers, e.g. things like "the top 10% of the country owns 60% of the wealth" (according to the OCED). The bottom 60% of the country owns "almost no" wealth. It also explains why, if you visit The Netherlands, it doesn't seem like it is struggling with inequality… Source: https://www.oecd.org/netherlands/OECD2015-In-It-Together-Hig... |
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