tag:blogger.com,1999:blog-6685155377705481833.post5989805995134856701..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: U.S. Trails at Least 15 OECD Countries in Median WealthKenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6685155377705481833.post-11431859926771389782014-03-15T05:32:31.482-04:002014-03-15T05:32:31.482-04:00I guess on terribly interesting thing that is not ...I guess on terribly interesting thing that is not discussed, but becomes logically obvious, is the predictions of where countries may be in 20 or 50 years. It would seem that many of these predictions just wont come true. Personally I cannot imagine that with a rising sophistication and maturity to it's economy that China will do what is predicted and I actually see it imploding within the next 15 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-32771338725646659882014-03-15T05:29:14.463-04:002014-03-15T05:29:14.463-04:00If any one is actually interested in going in to t...If any one is actually interested in going in to the "nitty gritty," your really should read the Credit Suisse report. It is just a tad more in depth than this blog makes out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-6106784804931040192014-02-05T00:40:51.515-05:002014-02-05T00:40:51.515-05:00Hi Kenneth,
This is really interesting - very ins...Hi Kenneth,<br /><br />This is really interesting - very insightful. Have you seen any work that looks at the mean per capita GDP (or wealth / net income) excluding the top 1%? I'm curious what happens when you remove the super rich from these measurements. Median can be somewhat misleading as it only looks at those precisely in the middle.Wiserhttps://www.blogger.com/profile/14641828340701350223noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-33437101382459815972013-11-29T14:49:41.165-05:002013-11-29T14:49:41.165-05:00You are not reading the table correctly. First, as...You are not reading the table correctly. First, as I explain here (http://www.middleclasspoliticaleconomist.com/2013/06/us-median-wealth-only-28th-in-world.html), the Denmark figure in this table was underestimated, and when corrected in the 2012 report, it was higher than the U.S. Second, being below the U.S., like Sweden was, does not mean it has a more unequal wealth distribution, just that it has a lower median wealth per adult. For equally distributed societies like Sweden, this is because it has a much lower mean wealth per adult than the U.S. Note, however, that Sweden did pass the U.S. in the next version of the report. Finally, it is not China, but Taiwan, that the U.S. is trailing.<br /><br />Hope this makes things clearer.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-60951605737688034732013-11-28T01:02:44.130-05:002013-11-28T01:02:44.130-05:00How come Sweden and Denmark trail the U.S. in term...How come Sweden and Denmark trail the U.S. in terms of wealth distribution (If I read this table well)? This goes against all we about wealth distribution in these countries. Can someone explain please? And how about the U.S. trailing China? This too goes against all we know.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-29163856574389436842013-10-11T09:02:10.418-04:002013-10-11T09:02:10.418-04:00Great information....now how do we improve? Other...Great information....now how do we improve? Other than eliminating current office holders in congress.Anonymoushttps://www.blogger.com/profile/02947525000412197374noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-75352429355804723022013-01-27T18:32:49.342-05:002013-01-27T18:32:49.342-05:00Yes, I'm sure he means Cuba.Yes, I'm sure he means Cuba.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-33364279762022507492013-01-27T17:43:31.134-05:002013-01-27T17:43:31.134-05:00Guam is part of the U.S. Do you mean Cuba?Guam is part of the U.S. Do you mean Cuba?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-79573725765097538212012-12-19T15:58:16.741-05:002012-12-19T15:58:16.741-05:00I also watched Moore's movie and it's frus...I also watched Moore's movie and it's frustrating to see that Americans don't have the same health coverage as Canada, France and Guam have. Additionally, there was a certain video shown in the movie wherein an elderly lady was thrown out of a service car from a certain hospital due to non-paying hospital bills. In France, patients get reimbursements from the hospital, including their fare. Antonio Kevinhttp://www.rudolflaw.com/author/antoniokevin88.htmnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-67951390767633619662012-10-17T13:22:28.891-04:002012-10-17T13:22:28.891-04:00According to the just-released 2012 Wealth Report,...According to the just-released 2012 Wealth Report, it includes the value of "personal pension fund assets," but not pensions that would be received from the state. For the U.S., then, that would seem to mean that your 401(k) account is counted but not Social Security.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-59542460981443352992012-10-17T08:32:14.718-04:002012-10-17T08:32:14.718-04:00Do the wealth figures include a discounted value f...Do the wealth figures include a discounted value for pensions that residents will receive in the countries they live in?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-41381149021075370172012-10-14T08:37:49.385-04:002012-10-14T08:37:49.385-04:00Jefferson thought wealth distribution was importan...Jefferson thought wealth distribution was important as well:<br /><br />"Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise." Jefferson to Jmes Madison 28 Oct 1785<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-69935921100522589932012-10-14T06:03:21.084-04:002012-10-14T06:03:21.084-04:00as an Australian seeing this graph for the first t...as an Australian seeing this graph for the first time, I'd say pretty sweet ! for me ...<br /><br />as for USians not being told so much, I'd say rope in our escaped Oze Rupert Murdoch before he derails your next election and makes your wealth distribution even more unequal ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-63881175736920857902012-10-13T02:12:18.716-04:002012-10-13T02:12:18.716-04:00Glad you liked it; I left a comment on your post.Glad you liked it; I left a comment on your post.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-66170927847680344212012-10-12T14:43:00.503-04:002012-10-12T14:43:00.503-04:00Hi Kenneth. Wealth distribution is a really import...Hi Kenneth. Wealth distribution is a really important econmic measure that gets very little mainstream coverage. Another major economic problem is debt, and the real creators seem to be able to blame the <a href="http://thinkingaboot.blogspot.ca/2011/06/if-debt-is-so-bad-how-come.html" rel="nofollow">other side,</a> every time in every country.Stevehttps://www.blogger.com/profile/14162783936999869984noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-29122511916317966402012-10-12T13:58:35.987-04:002012-10-12T13:58:35.987-04:00Great post, I borrowed.Great post, I <a href="http://thinkingaboot.blogspot.ca/2012/10/median-wealth-by-country.html" rel="nofollow">borrowed.</a>Stevehttps://www.blogger.com/profile/14162783936999869984noreply@blogger.com