I appreciate how nordic countries have a somewhat income balanced fines and practices and they still have decent amount of wealth inequality (much less than US however)

Actually if you look at wealth inequality, the Gini coefficient is higher for the Netherlands and Sweden than for the US. Denmark is pretty close as well. The benefits these countries have is the better life for people at the bottom and less income inequality.

https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_...

so if you are poor there you're much less likely to get richer relative to your neighbors? nice