Wow, one of the few times I get to be proud of lil ol’ Belgium.
I often joke with family that we live in the best country in the world by default. Not because it’s a paradise by any stretch of the imagination but because the rest of the world went to shit faster than we did.
So far…
In the Netherlands we always outperform you stupid Belgians. As you can see, we are higher than you on this map too!
Ha, that’ll teach em!
Hmm, surprised it’s that much lower - wonder why? Maybe 1% in .be hide wealth in .lu , and fgov is not good at tracing it. Also chateaux in the south of belgium seem relatively cheap (wrt elsewhere).
Probably because of the indexing system that automatically raises everyone’s wages.
Luckily we Flemings are definitely trying to fix it every election.
I suppose it’s the same everywhere… but each time Sweden gets amnesia and votes in the right wing we get raped:
M: “Hey let’s give away XXX to the private sector and let them rape the country. It will generate prosperity for everyone!”
Swedish voter: “What a great idea, why haven’t we done this sooner?!”
Sweden has worse wealth inequality than the US.
I guess this is going to depend on how you measure, right? What’s the methodology?
For extra context, we have very high income taxes but none or very low wealth taxes for things like inheritance or owning stocks. Making it cheap to be rich and expensive to work.
Yep. The right really did manage to pull a fast one on Sweden.
Wealth inequality, not income inequality. https://en.m.wikipedia.org/wiki/List_of_sovereign_states_by_wealth_inequality Sweden is 12, US is 25 or something.
Ah, yeah. Gotcha. That tracks, for sure.
I‘m really surprised. I always thought that wealth in the Nordish countries are quite equally distributed. Don’t you have a very flat income difference? How it comes?
I think its because most of the flattening of the income mainly touches the 99% because the income taxation isn’t that effective for owning people as they often get their money from owning stuff instead of earning a salary
Ah okay. So, Sweden managed to iron the glassfloor to the top. It isn’t possible for standard and even top performers to get to the 1% as they will always rely income with high taxation for a living. With this perspective my country (Germany) seems to be hard but it might be possible.
We aren’t much better off over here, don’t fool yourself. Don’t make the mistake of buying into the same empty promises of “yes it sucks almost everyone is poor and virtually nobody makes it out, but if i do it right I will” - no you won’t.
Chances for literally winning the lottery are higher than being a hard, honest worker playing by the rules and making it big.
I can’t underwrite your „almost everyone is poor“ I’ve been in countries where families live in houses out of cardbox. Kids with just one leg. Girls being sold. In Europe is nobody poor! If you write this, it’s a slap in the face of the poor in the south.
Textbook whataboutism.
I can’t change what other countries fail to provide for their people, nor is it my responsibility as a random citizen. And it certainly has zero bearing on my economic outlook in Germany, do you want to tell me I should shut up and take it because random third world country #637 has issues with rape and murder?
Bruh.
Income is not wealth. You can’t become wealthy on any income. That’s the thing.
This is a measure of wealth not income. I’m guessing large land owners?
And a smaller GDP than Bitcoin’s market cap (850 billion)
Honestly surprised the UK is as low as it is. I would have though Londongrad would have created a small group of super rich owning most of the country.
Probably because a bunch is held by the 1% from other countries.
I thought 35%ish in the US was bad. 56% in Russia is one of the more shocking stats I’ve seen about their inequality.
All of these are absurd.
And why we can’t have nice things.
Not true, they just keep their wealth in other countries like Monaco / Luxemburg / Cyprus.
Maybe what this map is really showing is how easy it is for the billionaires to move their money out of the country to a tax haven. UK is easiest, Sweden difficult, Russia hardest.
I visit Prague often. I don’t know that I have enough exposure to feel like I should have known, but still I’m very surprised by the Czech Rep.
I live in the Czech Republic and I did expect it to be worse than Poland, Hungary or France, but not by that much. I assume the terrible way communism scarred us and the rushed privatization, as well as opportunistic behavior (especially in Bohemia) have their ripple effects.
Anybody know where the us falls?
34.9% in 2021: https://wid.world/country/usa/
Thank you so much good friend!
https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_United_States
The 1% is not as telling as the 20% by comparison with 34.9% versus 86% respectively.
But clueless people online always tell me that Sweden is a socialist country. You’re not telling me those people were full of shit, are you??
Democratic socialism is just less openly repugnant capitalism.
Democratic socialism is still socialism (It’s a bit broad to explain what it exactly means as it can range from wanting to achieve socialism through elections to not considering capitalist democracy as democracy and wanting to revolutionize into an actual democracy). That’s not the thing Nordic countries have. Nordic countries have social democracy, which is a form of capitalism where the government puts emphasis on social programs.
Social democracy can look great, because you can end up with a welfare state like the nordic countries did. But it’s not really trying to get rid of capitalism, it only tries to alleviate the problems capitalism causes.
You can clearly see how great communism works in Russia.
