Gunco Forums banner
1 - 19 of 19 Posts

·
DADDY WARBUCKS
Joined
·
19,433 Posts
Discussion Starter · #1 ·
December 07, 2004
If Sweden was a U.S. state, how rich would it be?

Two Swedish economists recently published a study that asks how European countries would fare if suddenly admitted into the American union. The results? If the UK, France, or Italy became U.S. states, they would rank as the fifth poorest of the fifty, ahead only of Arkansas, Montana, West Virginia, and Mississippi. The richest EU country?Ireland?would be the 13th poorest. Sweden would be the 6th poorest. In fact, the study found that 40% of all Swedish households would classify as low-income in the U.S.

This means that poorer U.S. states enjoy affluence comparable to that of richer European states?Denmark is equivalent to Kentucky?whether measured in terms of home ownership, or number of microwaves and cars possessed. ?Material prosperity,? the authors write of the U.S., ?is high and not associated with the material standard of living which many people in Europe probably associate with poverty. Good economic development, in other words, results in even poor people being relatively well off.?

By the 1880s, the U.S. had become the world?s richest nation (measured in per capita GDP). In the 1990s, U.S. growth was twice that of Europe?s, and three times that of Japan?s. The U.S. per capita income is now 55% higher than the EU-15 average, and 50% higher than Japan?s.

Here?s the not-so-secret recipe for achieving European-style stagnation and decline. First, combine high unemployment and aging populations to ensure that welfare costs far exceed worker contributions. Then, stuff with generous entitlements, massive tax burdens, rigid labor markets, and regulation-mad bureaucracies. For flavor, add dashes of socialism and right-wing paternalism. Bake. (For additional recipe ideas, consult Joy of Administrating by Ted Kennedy, or English departments everywhere.)

http://www.claremont.org/weblog/index.html
 

·
Code name: Felix
Joined
·
6,361 Posts
Ever been to Europe Custer?

The problem is that after drinking a couple of bottles of good wine, people will forget how bad it is.

The Euro is at an all time high, but getting Euros ain't easy, Lack of permanent employment, high housing costs, exorbitant fuel prices are things that drive the the country down. Does it sound familiar?....it
s happening here now!

Welcome to the global economy.

No, I am not Smegma in disguise.
 

·
DADDY WARBUCKS
Joined
·
19,433 Posts
Discussion Starter · #3 ·
Sure. Did a lot of business in Europe. Never did make it to eastern Europe though.

Europeans have not been able to buy US goods fast enough for years due to their high prices for everything. Low dollar has added to this. Looks like it is creeping up again as oil prices are falling.

I am not a currency speculator but I don't think the Euro is a great buy right now.
 

·
Registered
Joined
·
1,151 Posts
I've always wondered about the wisdom of the "Euro". I found it curious that a relatively robust country like Germany or Denmark would hook it's economy into a capitalistic powerhouse like Italy or Luxembourg.
I know, let's create a new currency called the "Americo", and link our currency in with such bastions of feduciary responsibility as Brazil and Argentina.
I think Britain and Switzerland were wise to avoid the Euro.
 

·
Friend of MCMXI
Joined
·
8,717 Posts
Custer said:
If the UK, France, or Italy became U.S. states, they would rank as the fifth poorest of the fifty, ahead only of Arkansas, Montana, West Virginia, and Mississippi.
West Virginia ranks 50th! Hug a Democrat today!

Was an actuall bumper sticker I once seen. Just about wrecked over that one.

Custer said:
Here?s the not-so-secret recipe for achieving European-style stagnation and decline. First, combine high unemployment and aging populations to ensure that welfare costs far exceed worker contributions.
Also a problem here in WV. The sad thing is that the people that need it can't get it, and the ones that don't need it are the ones smiling all the way out to their mailbox. About 95% of the people around here that are getting help, their only disability is pure laziness.

And we can't blame this on Bush and the GOP, not in WV:lol: :rant:
 

·
Registered
Joined
·
3,690 Posts
Custer said:
...First, combine high unemployment and aging populations to ensure that welfare costs far exceed worker contributions....
Bush has both those factors under control in the US. Unemployment is going down, and after the flu season is over there'll be fewer elderly in the US.
 

·
DADDY WARBUCKS
Joined
·
19,433 Posts
Discussion Starter · #7 ·
That's thin gruel there Smeg. I expected a better defense of socialism from you.
 

·
Registered
Joined
·
3,690 Posts
Custer said:
That's thin gruel there Smeg. I expected a better defense of socialism from you.
Naw, you're not gonna get much of one from me. I don't trust the government enough to be a socialist. Not even welfare-state socialism such as the Scandinavian variety where state ownership of the means of production is avoided. Seems to work OK in Scandinavia, but here in the US social welfare seems to have an unfortunate tendency to be twisted into social control.

Don't trust corporations enough to be a laissez faire capitalist, either.

Until we come up with an economic system that really works and is sustainable, I'm not going to identify any existing economic system as being the Revealed Truth. Until then, I'm an advocate for pretty much what we have in the US - a mixed economy where we bounce back and forth between the public and private sectors and muddle through the best we can for now. It's the best we can do, and so long as we can recognize problems in the system the system can be self-correcting - but it can work only so long as we don't ignore problems with our current economic system, nor contend that speaking them aloud is somehow un-American.
 

·
Registered
Joined
·
1,341 Posts
After visiting Canadian Discussion Boards, I find it interesting that European countries are also musing about how they would fare in the United States.

In one thread at Free Dominion, there was a heated discussion about whether Canada should join the United States. It has been a big issue in the Great White North for a long time. Great Britain has long encouraged negative media against the US to discourage discussions about leaving their sphere of influence.

Many were dumbfounded when I told them there was no movement in the US to annex Canada or join with it in a "Union." Further, I wrote that even if Canada asked to join the US, we would likely decline, because it would shift our country's political center ("centre" to them). It is very unlikely that a Republican Congress and President would bring new blue states into the Union.
 

·
Registered
Joined
·
3,690 Posts
AClay47 said:
...Many were dumbfounded when I told them there was no movement in the US to annex Canada or join with it in a "Union." ....
OK, but any chance of getting Mexico to take Texas back?
 

·
Registered
Joined
·
276 Posts
They already have it man, and So Cal too. :frown:
 

·
Registered
Joined
·
7,469 Posts
Dzerzhinsky said:
OK, but any chance of getting Mexico to take Texas back?
No, no its the other way around. We give the rest of the country the honor of our presence. We coulda' stayed a republic. And that might be in our future. Damn Easterners!!!! Well, I got a mind to.........:grumble::grumble::grumble::grumble:
 

·
DADDY WARBUCKS
Joined
·
19,433 Posts
Discussion Starter · #14 ·
Strange Destiny said:
No, no its the other way around. We give the rest of the country the honor of our presence. We coulda' stayed a republic. And that might be in our future. Damn Easterners!!!! Well, I got a mind to.........:grumble::grumble::grumble::grumble:
SD, I like Texas, but if my many relations there are any indication of things, you need to improve the education system down there. I've been pretty shocked and I am talking about communities that are supposed to have good schools.
 

·
Registered
Joined
·
7,469 Posts
Custer said:
SD, I like Texas, but if my many relations there are any indication of things, you need to improve the education system down there. I've been pretty shocked and I am talking about communities that are supposed to have good schools.
Amen to that! The school finance system in Texas is in bad shape. School funding here is based on property tax valuations. I used to teach in an outlying district. Its southern boundary is the Rio Grande. People actually lived in houses made out of materials scrounged from the dump. How do you tax a house made out of pallets?? In some of the small town that have lower property values the problem is critical. I wish the legislature could settle this. It has been a fight for years. I am lucky, I teach computers. I am limited to 21 students in each class, I have 21 student machines. Some of my lunch buddies in the Social Studies Department have 44 students in oun class. Its a tight fit. General, they are trying to fix it.
Spending more money is not the only solution. A lot of things need to be fixed. I am busy keeping my own classroom running and trying to do the best I can for my students.
 

·
DADDY WARBUCKS
Joined
·
19,433 Posts
Discussion Starter · #16 ·
Off the top of my head my relations live in Flowermound, Lewisville and Denton (all Dallas area). These areas have dough.

Lack of money is not the problem. The course work is lightweight and from the ages I am talking about (mid 40's to teens) the problem is not new.
 

·
Registered
Joined
·
1,151 Posts
My Ex-wife moved to Texas and filed a child support case against me. The State of Texas never bothered to tell me. I was sending her her CS money directly (via check, thank god) but she was not reporting it to them. Fortunately, I found out about it when I tried to buy a house. I was $400 from having a warrant issued for my arrest.
I had to prove I had paid the money. I had to prove I wasn't the bad guy. Lucky for me, I was able to prove I had done so, otherwise they would make me pay again. I jumped through hoops and lost the house I was trying to purchase due to all this. The State of Texas did nothing to her. Period.
I think we should have left Texas out of the Union after the Civil War. I guess I'm biased.
 

·
Class 07 FFL/SOT
Joined
·
6,297 Posts
We should pick up on Western Canada if we have the chance.Eastern Canada..........leave it for the socialists here,to migrate to,as a "New Socialist Economic Powerhouse." A true "Workers paradise" where everyone is on the public dole and no-one has to get their lilly white,see through wrists and hands dirty.Yeah.......let the kommies have Eastern Canada and the Normal side...we'll take it.
 
1 - 19 of 19 Posts
Top