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Actually only a loon would make dollar for dollar comparisons in any part of the world. The reason why the US is much higher is not simply for what it buys but for who competes for it. This is mostly reflected in real estate costs and rents. If I am in a part of the world were fewer people have dollars there is more demand for it because I have a relative monopoly. That is why one could retire comfortably in Bolivia while they would be bankrupt in a few years in New York. Cracker Jack economics.
We are a great people with a great founding document.
Why aren't other nations following in our footsteps?
Why aren't we following those foot steps? We are walking away from it voluntarily. The founders figured we would not vote for kleptocrats, but we keep worshiping them like in this rhapsodical work of a thread. They didn't dream we would vote in privileged gentry.
Its not taxes. Its rents and mortgages. Housing takes 40% of our income. Don't know a tax that does that.
Taxes take up a good 50% when you consider everything including sales taxes, medicare, social security, tolls (I mean, it's still money from our pockets to the government to pay for something I thought was paid for by tax dollars ....)
The reason is we had lots of cheap land and still do compared to France. It doesn't beat Germany though. However then again the wage to housing ratio is better in Germany than it is here. Perhaps if we bombed our country we could rid our selves of the infestation of the useless wealth sucking gentry as well. The land could be repopulated with producers. It would make the land worthless and free it up for production. Defeat in a war against China seems promising.
Prosperity level = income - housing - transportation expenses(also driven up by housing expense) - finance charges.
The old Soviet Union had a terrific wage to housing ratio.
Taxes take up a good 50% when you consider everything including sales taxes, medicare, social security, tolls (I mean, it's still money from our pockets to the government to pay for something I thought was paid for by tax dollars ....)
Why aren't we following those foot steps? We are walking away from it voluntarily. The founders figured we would not vote for kleptocrats, but we keep worshiping them like in this rhapsodical work of a thread. They didn't dream we would vote in privileged gentry.
I agree.
We should all join the Tea Party.
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