I regularly cite data about Europe’s sub-par economic outcomes in hopes of driving home the point that the United States should not copy that continent’s approach of onerous fiscal burdens.
Which is now a very relevant topic with Biden pushing for a big expansion of the welfare state.
This is not a good idea. Americans are richer than their counterparts on the other side of the Atlantic. Even more remarkably, lower-income people in the United States often have living standards
equal to – or even greater than – middle-income Europeans.
Another way of making this point is to compare economic outcomes in American states compared to European countries.
I first did that back in 2015, citing data to show that all be the very-richest European nations would be considered poor if they were part of the United States.
I want to augment that comparison today. I’m motivated by a
View original post 403 more words
Recent Comments