Reply to UK, Italy, France quality decline, now poorer than all 50 states

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone who spent most of career working for European comanies in the USA here are main reasons. 
1) we get paid more
2) we pay less tax
3) We own far more US Stock which has been on a tear the last 18 years
4) companies grant RSUs unlike Europe
5) no Vat tax on purchases. 
6) more likely to own real estate which also been way up.

My boss in Europe made less then me in the USA who reported to him. Paid more taxes, lived in a rental and owned hardly any stocks.

Now an unemployed person, person who company gives no medical, parents with kids in college and young moms looking for cheap child care better in Europe but even with all that the salary does not make up for it.

Only 17% of U.S. corporate equities are held by foreigners globally. So that means out of every country in world so individual countries own very little. They missed whole Equity run up.

I was on vacation in Portugal last year and was shocked at amount of older people who did not own homes complaning rents are rising and investors are coming in from US buying homes. Well the two best ways to grown wealth is stocks and real estate. The average US worker has a house and a 401k, the average European does not. Only 47.2 percent of Germans own a home.

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In Europe the ceiling is way lower and the floor is way higher. The US is like the lottery, people buy tickets for a chance to strike it rich. You won, but the stats show that increasingly the odds are not in people's favor. The cost of housing, education, and medical care have been going up quickly though. It's not clear how much longer it'll last. [/quote]

This is literally the opposite of what the stats show.  That was way back at the start of the thread… the average American is way better off than the average European.

In a wealthy area like this one the difference is night and day.  (And yes, I have lived in Europe).

I love Europe and might move back but that is all made possible because of the millions I have made by saving and investing here.  It would have been impossible for me to do the same thing there.

[/quote]

No that is literally not what the stats show (unless you look at a single stat on income and not the many facets of  well being.).

To summarize the dozens of posts on this thread that you haven’t bothered to read: 
1) Yes people in the US have higher incomes on average.

2) But compared to Europe, life expectancy in the USA is lower, educational outcomes  are lower and leisure time is lower.

So clearly money can’t buy everything. [/quote]

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