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Old Posted May 24, 2024, 3:50 PM
kzt79 kzt79 is offline
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Join Date: Jun 2019
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Quote:
Originally Posted by Drybrain View Post
The median household income in the U.S., after tax, is $62,773. In Canada it's $73,000. The American dollar is worth more but that isn't straightforwardly related to the prices of good and services, so in real terms the incomes are not all that different. Property is certainly cheaper in much of America, but I would absolutely dispute that the average American is vastly better off than the average Canadian. And the health care thing is not small: every person and every family, on a long enough timeline, is going to deal with some kind of huge health burden.
Check out purchasing power parity. They're significantly ahead and the gap is only widening. Yes, everyone will incur health costs but ours are built into our much heavier taxes. What we get for those high taxes is open to debate. Very few people in the US are actually getting hit with huge bills, the vast majority have coverage through work or otherwise.
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