Quote:
Originally Posted by spads
If inequality matters so much to quality of life, how come Denmark, Netherlands, and Germany are better places to live than Hungary, Slovakia, etc.? Again, if everyone makes the same wage, there is no inequality technically, but if that wage can't buy you shit that doesn't matter then does it?
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germany denmark and the netherlands are wonderful places to live if you have money...I make no contest about the USA being a great place if you have $, it would be a stupid argument...but not everybody has money in these countries...the development index takes in to account only what the rich can afford, not what the poor cant...this is why it represents a potential of human development within a country...
the development of a country is not measured in just how much money the elite have, but overall wealth distribution...if say only 10% of the population have enormous wealth and the other 90% do not, then this is not a very developed country and it is going nowhere, quick...
you can pretend that inequality is irrelevant and lets focus only on the rich, screw the poor ect...but reality is the USA has 46million people living in poverty:
Poverty in the United States: A Snapshot | National Center for Law and Economic Justice
so about 25% total of your population are poor or working poor so around 80million people:
Social class in the United States - Wikipedia, the free encyclopedia
so you see claiming that inequality does not matter because 16% of your population is upper middle class or rich is a weak argument...your middle class is shrinking and your lower class is growing...
Quote:
Originally Posted by spads
Total debt also doesn't mean shit. Debt as a percentage of GDP is what matters.
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ok if you say so
lets see its at 16+trillion right now I just looked it up, so sorry about thinking it was just 14 trillion...it grows by 2 billion every day...
simple math 16tril/316mil (us population)=approx 50.000$ per pop...so a family of 4 owes 200.000$
and 100.000$ of that debt was just under obama...
baller economy is baller economy
debt is the new "profit"
naaaaah debt dont matter LOL