PeakTrader.com

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PeakTrader said...

Major Western European countries have been very critical of U.S. income inequality. Yet:

1. Western European countries per capita incomes are over $10,000 a year less than U.S. per capita income.

2. There's much less upward income mobility in Western Europe than in the U.S., e.g. someone in the bottom 40% rising to the top 40%.

3. Western European economies are falling apart from their attempts to make people more equal.