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macdelamemes t1_iy3ulkn wrote

Reply to comment by 40for60 in Charted: Income Distributions in 16 Different Countries by TheThinker12

I don't know if you know what PPP is bit it's definitely not much higher in the US than it is in just about all countries. https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm

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40for60 t1_iy3vj9n wrote

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Yes it is and on top of the PPP the US doesn't have a VAT so the consumption tax revenue is 50% less then most all of the other OECD's while the income taxes on the top earners are higher. PPP is not a issue in the US neither are social safety nets for the very poor. The US system favors flexibility and a progressive tax system over security and a regressive tax system.

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macdelamemes t1_iy45ind wrote

Again I don't think you understand what we're talking about... This is a link to GDP PPP. I'm not saying the US sucks I'm just saying 100 dollars in the US buys less stuff than 100 dollars in Indonesia.

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40for60 t1_iy45raq wrote

and you earn a lot less in Indonesia, great to go visit with your US income but hardly a demonstration of buying power for a citizen from Indonesia.

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