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Cake day: July 6th, 2023

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  • Very much doubt the final conclusion of this Adam Smith institute fellow. They state that the bottom 10% is equally rich in Sweden/Finland than the US. If true, then income is a very poor barometer of quality of life. Or that the Swedish poor don’t need to use as much of their income on housing, day care, education etc

    The conclusion is that Sweden make the rich poor. Which is not true as well, since while Sweden has income equality, it has a very poor wealth inequality. It’s just that the rich of Sweden decided (correctly) that there would be little backlash against them if they ensured for a more equal society instead of maximizing their income.

    Tl;dr this article could be largely true but the biases revealed at the end question the their conclusions and methodology to reach it