Germany is high for Europe, but the US is crazy high for democratic and supposedly developed nations. Next year’s score is going to jump after the current administration destroys the public institutions and gives them to the oligarchy.
I’d like to see some numbers, too. I’m not really up to date, but in my understanding Germany isn’t great. But nowhere close to the situation in the US. And if I look at the list of the richest Germans, looks like it takes at least our top 10 combined together make one Elon Musk. And there’s still some Jeff Bezos, Bill Gates, Zuckerbergs and Larry Pages etc left and a whole Silicon Valley with the richest companies in the world.
And just from a quick googling I also find the Gini index to be different and pages like that one also say it’s a significant difference: https://wid.world/world/ especially if you look at things like the top 1%
Germany is high for Europe, but the US is crazy high for democratic and supposedly developed nations. Next year’s score is going to jump after the current administration destroys the public institutions and gives them to the oligarchy.
https://worldpopulationreview.com/country-rankings/gini-coefficient-by-country
That website has some slightly odd figures (from the CIA 🤔), need to look up a better source some time when I have more time.
I’d like to see some numbers, too. I’m not really up to date, but in my understanding Germany isn’t great. But nowhere close to the situation in the US. And if I look at the list of the richest Germans, looks like it takes at least our top 10 combined together make one Elon Musk. And there’s still some Jeff Bezos, Bill Gates, Zuckerbergs and Larry Pages etc left and a whole Silicon Valley with the richest companies in the world.
And just from a quick googling I also find the Gini index to be different and pages like that one also say it’s a significant difference: https://wid.world/world/ especially if you look at things like the top 1%
For a quick overview on the wealth inequality in Europe, this article is good.
I looked up their source, which is the UBS’s Global Wealth Report 2023.
On page 33 there is this table that compares Gini coefficient between major economies over the last 20 years including the US and Germany:
As you can see Germany even surpassed the US in the early 2000, but since then the US overtook, but the difference isn’t huge.
I have honestly no idea where the CIA gets their data from, but I don’t think they are a very trustworthy source.