According to “The Luxembourg Wealth Study,” the data source used by the oecdfor international comparisons, in 2002 (the latest year for which results were available), median disposable personal income in the U.S., adjusted to reflect purchasing power parity, was 19.3 percent higher than in Canada; 68 percent higher than in Finland; 45 percent higher than in Germany; 59 percent higher than in Italy; 31 percent higher than in Norway; 73 percent higher than in Sweden; and 31 percent higher than in the United Kingdom.
The entire piece is worth a read, driving another nail in the income-inequality-as-public-policy-problem coffin.
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