Here's one study, reviewed jointly by Dr. Henrique Schneider, professor of economics at Nordakademie University in Germany and the chief economist of the Swiss Federation of Small and Medium-Sized Enterprises: https://fee.org/articles/the-poorest-20-of-americans-are-ric...
In the US, we have welfare programs that target the poor (yes, some slip through the cracks unfortunately). Once you account for all taxes, transfers, and non-welfare benefits, the poorest 20% are on average richer than most European nations. This is measured by looking at annual per capita consumption among the bottom 20%.
The article you provided are from the same people who deny global warming(The Heartland Institute). Dr. Henrique Schneider is a conservative Austrian (as in the school) economist with loony ideas about science:
https://ecaef.org/the-anthropocene-fallacy-learning-from-wro...
So allow me to be quite skeptic about the quality and validity of his "research"
Here's one study, reviewed jointly by Dr. Henrique Schneider, professor of economics at Nordakademie University in Germany and the chief economist of the Swiss Federation of Small and Medium-Sized Enterprises: https://fee.org/articles/the-poorest-20-of-americans-are-ric...
In the US, we have welfare programs that target the poor (yes, some slip through the cracks unfortunately). Once you account for all taxes, transfers, and non-welfare benefits, the poorest 20% are on average richer than most European nations. This is measured by looking at annual per capita consumption among the bottom 20%.