Wanpieserino

If you're incapable of utilising the massive amount of capital residing in the USA, then I assume you're an imbecile.

The country is a tax haven. Vast amount of opportunities.

Do I like my country more? Of course I do, but god damn I'm getting sick and tired of all these Americans thinking their country is bad.

You're with 230 million adults in a country the size of Europe. Of course it's gonna be spread out.

Median net wealth in the EU is lower than in USA (77k Vs 112k USD). PPP it's about the same.

Europe's for people who prefer stability. USA is for people that prefer volatile growth and crashes.

Then sadly you'll be removed from the private property because the people living there are more than capable to snap your neck with brute force. 🤗

Think the market value is about 700k euros. Let's go to notary

You really need a safe space in order to think the vast majority of the English speakers don't hate tankies

Communism only seems to work when you just re-name capitalism with the word communism, as china did after Mao's era was done with 🙈

Ouchie

Mao Zedong's leadership significantly impacted China's economy through several major initiatives and policies. Here are some key points:

Great Leap Forward (1958-1962): This was a radical economic and social campaign aimed at rapidly transforming China from an agrarian society into an industrialized one. The initiative involved the collectivization of agriculture and the establishment of people's communes. However, it resulted in a catastrophic failure, leading to widespread famine and an estimated 15 to 55 million deaths due to starvation, execution, torture, forced labor, and suicide.
Economic Mismanagement: The Great Leap Forward was characterized by unrealistic targets and poor planning. The focus on increasing steel production through backyard furnaces and other inefficient methods diverted resources away from agriculture, exacerbating the famine.
Cultural Revolution (1966-1976): This period was marked by political instability and economic chaos. The Cultural Revolution aimed to preserve Chinese Communism by purging remnants of capitalist and traditional elements from Chinese society and to re-impose Maoist thought as the dominant ideology within the Party. The revolution however resulted in significant economic disruption and a decline in the capacity of the government to deliver goods and services.
Legacy and Transition: After Mao's death in 1976, China began to transition away from his policies. The post-Mao era saw the introduction of economic reforms and a shift towards a more market-oriented economy, which led to rapid economic growth and development.

Overall, Mao's policies had a profound and often detrimental impact on China's economy, leading to significant setbacks and human suffering. The post-Mao reforms were crucial in reversing these effects and setting China on a path of economic growth.

That approach should be the standard, not talking bout minimum wages when it's clearly just a symbolic euro. Your country doesn't have a real minimum wage so you cannot use it in calculations.

Aight, now you need to figure out why this is the case. Real estate went up in value. Why is that?

Your country has a lot of capital. Like 550k euros per adult. In a country of 230 million adults or such. It's all residing at top 1 to 10% because they live in USA for its legislature.

If you change the legislature then they'd flee to other parts of the world. Such as Ireland.

I'd say go and learn French and move to France. They have the highest taxes in the world. Bonjour Duolingo, comment çava?

Basically where you're from will make it easier to either travel or move. Belgian passports are pretty good. On top of that, being educated and having capital will make getting a residency quite easy.

Profit incentive seems to be important. I have no problem giving misinformation if you people can't figure things out.

There's a great answer that you folks could use to look at this subject.

You should ask yourselves why the situation is what it is. How it relates to other areas in the world.

Do some research.

I'd do it, but you'd have to pay me and you don't have any money 😬

Just compare median income with median rent over the span of time in various places of the world. Make a study like that, or find one that did this. That's useful information.

"In 2023, 1.1% of hourly paid workers in the USA earned the federal minimum wage or less."

Rent isn't linked to inflation, it's linked to your income. The income you are able to gain in the area goes partially to the real estate in that area.

You can't compare it to easily imported goods from china. Who don't work for an amount that you get paid.

Yeah, well, then polarisation will be the result. When every area censors opposition

In my case it would be the EU.

Wanpieserino @ Wanpieserino @lemm.ee

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Belgian 29 year old male, accountant, into physical fitness, outings and watching TV series/films. Enjoy pestering you about your political views and interested in economics.

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