Countries With The Highest Quality of Life

Income Equality and Standard of Living | Does Income Equality Lead To A Higher Standard of Living?

In this article, we will take a look at countries with high income equality and ask the question:  Does high income equality lead to a better standard of living?

I recently wrote an article about socialism in Sweden.  With Barack Obama trying to implement higher taxes on the rich, the arch-conservative Fox News threatened that we would become the next “socialist Sweden” if this were to happen.

I found this to be a bit of an empty threat given that Sweden always tops the list of countries with the highest standard of living.  In actuality, Sweden is not a socialist state and in many respects exemplifies a more capitalist bent than we have.  What a shocker-Fox News lied!

In writing this article about Sweden, I came across two graphs that are quite telling.Read More

Richard CummingsIncome Equality and Standard of Living | Does Income Equality Lead To A Higher Standard of Living?