Earlier quoted context omitted.
That's not an analysis, that's a polemic. https://en.wikipedia.org/wiki/Mises_Institute Even if they got the numbers right, which I doubt, they completely miss that US income has to pay for a lot more than in most of Europe, healthcare and education just as the most prominent examples, also lack of public transit etc. And of course anyone who has ever lived both in the US and in one or more European countries knows t…
if you read the article, you would see that they account for social service transfers. > And of course anyone who has ever lived both in the US and in one or more European countries knows that this "analysis" is BS. mm. if we are going by anecdata, my dad grew up in Europe in latter 20th century and they could not afford shoes or electricity. his siblings were put up for adoption. things have certainly changed, but t…
They claim to account for them. Whether they actually did so in any way that makes sense is not documented. Given the credibility of the source... ¯\_(ツ)_/¯
Also, their claim is "social benefits paid to households". That wording strongly suggests that they only took into account those social benefits that result in a payment, of money, from the government to the households, such as social security payments or unemployment benefits.
Which would miss the vast majority of benefits, including all the ones I mentioned, because those benefits don't work that way.