Re:Ask HN: Problems for the Next Decade
by carlosjobim on Monday July 10, 2023 @01:17PM
(#36669483)
> There are lots of countries there with a very high standard of living AND a low economic inequality, mostly in Europe.
A low amount of economic inequality among the lower class, absolutely. European rich are absolutely as extravagantly wealthy as any American or Asian moguls. Their assets are nowhere close to where Wikipedia can account for them.
At least in America there is an impression that an industrialist or tech genius can become a billionaire. In Europe you need to belong to banking families or have deep tentacles into government.
A low amount of economic inequality among the lower class, absolutely. European rich are absolutely as extravagantly wealthy as any American or Asian moguls. Their assets are nowhere close to where Wikipedia can account for them.
At least in America there is an impression that an industrialist or tech genius can become a billionaire. In Europe you need to belong to banking families or have deep tentacles into government.