Hacker News new | ask | show | jobs
by pb7 917 days ago
Taxes are higher in Europe and cost of living is not low. US “inequality” exists because the ceiling is high but medians still meet or exceed Europe.

You’re disregarding that Europe is reaping what it has sown when it comes to economic development.

1 comments

Compare the cost of living in Berlin to even rust belt US cities and it's really not favorable to the US. If you want to include "healthcare premiums" in the calculation as a tax then the US pays more taxes per capita than most of the EU member states like France or Germany.

Not sure how you are measuring "inequality", but even in a backwater like Hungary you don't have adults rationing insulin made for pets.

Most metrics disagree with you. The US is on average cheaper to live in compared to the average revenue. That can be seen in average household debt too, as those are pretty high in Europe.