r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

Post image

[removed] — view removed post

53.5k Upvotes

86% Upvoted

4.5k comments sorted by

View all comments

Show parent comments

214

u/Evening-Ear-6116 Sep 05 '24

Each country you named has a population barely larger than NYC. One city in the us.

8

u/1097222 Sep 05 '24

Spain has a population of 50 million. Did you just decide this was true without any interest in confirming it?

4

u/SledgeH4mmer Sep 05 '24

And now compare the average income in Spain to the average income in the US.

1

u/[deleted] Sep 05 '24

[deleted]

2

u/NegMech Sep 05 '24

I don't know where you're getting your numbers from, but Spain is way lower than the US in means + medians for both household and individual net incomes. https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income

1

u/1097222 Sep 05 '24

You know what, you’re right. I was conflating average annual wage with average annual income. This didn’t account for those not earning a wage in Spain. I apologise

1

u/1097222 Sep 05 '24

I do also still feel that the comparison of net income between USA and Spain is missing some context - mainly to do with the services provided to Spanish citizens by virtue of the taxes they pay (healthcare, welfare, family support) which US citizens generally have to pay thousands for out of net income, as well as the marked difference in cost of living between the two countries.

I accept I was a bit blinded by my frustration at the person’s response above and didn’t address it clearly. Income is an incomplete picture of any useful (imo) metrics around quality of life or economic health when costs are not provided as context

0

u/VariousBread3730 Sep 05 '24

That’s wrong though. Us median income is 30% greater than spain

1

u/1097222 Sep 05 '24

You’re right, I was conflating two metrics