Nordic countries have no minimum wage laws. Sweden uses school vouchers; and its higher ed students use school loans. (healthcare, insurance)
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Repeating something that is wrong doesn't make it right. Forbes has misquoted the original source which is the Credit Suisse wealth report. Those figures are for wealth inequality, not income inequality.
Repeating something that is wrong doesn't make it right. Forbes has misquoted the original source which is the Credit Suisse wealth report. Those figures are for wealth inequality, not income inequality.
If that were true, they would match the billionaire per capita ranking. They don't. Nothing more wealth inequal than having very high billionaire per capita ratios.
If that were true, they would match the billionaire per capita ranking. They don't. Nothing more wealth inequal than having very high billionaire per capita ratios.
Like I said, stop digging.
Billionaires per capita is a different measure than gini coefficient for wealth inequality.
Billionaires per capita is a different measure than gini coefficient for wealth inequality.
Do billionaires not have much more wealth than those who have none? I don't know why you won't admit Sweden is a very polarized country when it comes to both income and wealth. 13% poverty rate, and a MUCH higher billionaire per capita rate than the US. If there were income equality, there wouldn't be such extremes.
And I don't know why you can't admit you got the figures wrong. Of course there is income inequality in Sweden, there is in every country, but it is at a much lower level than in the US, and the figures you presented don't show what you said they did.
The gini coefficients for income inequality can be found below.
Your middle paragraph applies to America as well....
That's true, but birth/fertility rates in Finland are lower than in the U.S. and have been that way for a long time. Same trend in the U.S., but not as severe.
It's unfortunate that our public school funding is from property taxes meaning that only well to do people get good schools. And some kids are left with literally not enough textbooks. How in the FORK are they supposed to get anywhere in life?
There are other characteristics of well to do people that help their kids do well in school besides just money.
--More 2 parent families (kids from single parent families more likely to drop out of school, get pregnant, arrested, etc. All well documented even from liberal researchers/think tanks)
--Generally higher IQs (yes, it's not politically correct to talk about, but IQ is mostly inherited and people with low IQs have been outbreeding people with high IQs for a couple of generations now).
More money may be in order in some instances, but it isn't the core issue why poor kids don't do well in school.
Growing gaps between rich and poor in recent decades have been exacerbated by a divergence in the behavior of the two groups......Unless the poor adopt more mainstream behaviors, and public policies are designed to move them in this direction, economic divisions are likely to grow.
In her book What Money Can’t Buy, Susan Mayer argued that the reason children in higher-income families do better in school and experience fewer behavioral problems than those in lower-income families is not because their families have more income but because they have better parents. In other words, adults who are more financially successful tend to have a variety of other characteristics that bestow advantages on their children.
The researcher who wrote the article pointed out that Susan Mayer's book was one of the few that did detailed research accounting for multiple factors as to why some children do well and some don't. Most studies don't.
And I don't know why you can't admit you got the figures wrong. Of course there is income inequality in Sweden, there is in every country, but it is at a much lower level than in the US, and the figures you presented don't show what you said they did.
Sweden has a higher poverty rate than the US and a much higher billionaire per capita ratio, so that's not possible. Since both, poverty and billionaire status are largely dependent on income, it stands to reason that Sweden's income inequality is significant and higher than that of the US.
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The gini coefficients for income inequality can be found below.
Sweden has a higher poverty rate than the US and a much higher billionaire per capita ratio, so that's not possible. Since both, poverty and billionaire status are largely dependent on income, it stands to reason that Sweden's income inequality is significant and higher than that of the US.
You realize that's old data. Sweden's income and wealth gaps have been growing.
Doubling down again I see, those are figures for 2017, the latest OECD figures available.
And no, Sweden does not have a higher poverty rate than the US.
You are really not doing your credibility any favors here with your unwillingness to accept reality.
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