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Finnish-born journalist: Americans make crucial mistake in how they look at life

businessinsider.com

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Re: Finnish-born journalist: Americans make crucial mistake in how they look at life

#71

> "The choices Nordic countries have made have little to do with altruism or kinship," Partanen wrote for The Atlantic in 2016. "This is what Americans fail to understand: My taxes in Finland were used to pay for top-notch services for me." This is an odd statement to me. Any wealth redistribution system has both "givers" and "receivers". What do the "givers" in Nordic countries actually think? Do the the "givers" sh…

The point was that a lot of the redistribution is in principle just moving money from the the working age self to the young and older self. I pay taxes which funds students today but I get that back later when other fund my kids to go to university. The point is that the bulk of the money is paid by the middle class for services used by the middle class. You pay more in some stages of your life than you receive but y…

That makes a lot of sense now, thanks. I think the point about people being givers and receivers at different periods in life is a good one. Americans who are fortunate do this at the family level, but obviously many cannot.

Re: Finnish-born journalist: Americans make crucial mistake in how they look at life

#72

Earlier quoted context omitted.

The median net worth of Americans is $97k. [1] As for owning homes, many Americans don't own their home but rent. [1] - http://www.newstrategist.com/median-net-worth-97300-in-2016/

Land and housing is cheap in the U.S, relatively speaking. in Norway, wealth taxes start after about 40 sqft of out-of-town apartment.

If that was true, I'd be very wealthy: 40 square feet is 6.3 by 6.3 feet. Or 3.7 square meters. That would make for a price of 57 000 $ per square meter! In reality, the national average price in Norway is $ 5000 per square meter and 10 000 in the most expensive area (Frogner, Oslo January 2016)

So $ 180 000 buys you a studio apartment of 18 square meters in the most fancy area, or 36 sqm on the average. That is roughly 200 and 400 square feet.

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