"...the US produces more innovation, some of it beneficial. There is no European Google, Tesla or Facebook."
But what about infrastructure? Roads, public transport,health insurance - or better health industry, pensions?
I think the implication is that Tesla Google and Facebook contribute to American wealth, whereas roads, public transportation, health insurance consume European wealth.
I think it's questionable whether theres a valid point in there somewhere.
American wealth of how many? Apple - and others I presume - park their cash abroad https://www.wsj.com/articles/apples-250-billion-cash-pile-en....
Thus avoiding taxes and borrow against it so they can even use the interest for tax write off. The billionaire founders are known not to pay taxes (or VERY little) anyway. So, who's wealth is it?
I think it's questionable whether theres a valid point in there somewhere.