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<blockquote data-quote="vantexan" data-source="post: 6164488" data-attributes="member: 24302"><p>Yes, the wealthiest 5% own most of the wealth in Iceland. Income inequality is generally low, but it's higher for many European countries too compared to Iceland. What does pointing to Iceland with its small population prove about anything? Do you know where Nauru got its wealth? The island had huge deposits of guano which was mined for fertilizer. The very small population became very wealthy but have seen a big decline as those deposits were.depleted.</p><p></p><p>Where you go wrong is not knowing what the source of income is for a particular place. You see someone prospering and say if they can why can't you? The U.S. has the world's biggest economy and over 350 million people. There's no comparing it to two small island nations and saying if they can how come you aren't? That's extremely flawed logic.</p></blockquote><p></p>
[QUOTE="vantexan, post: 6164488, member: 24302"] Yes, the wealthiest 5% own most of the wealth in Iceland. Income inequality is generally low, but it's higher for many European countries too compared to Iceland. What does pointing to Iceland with its small population prove about anything? Do you know where Nauru got its wealth? The island had huge deposits of guano which was mined for fertilizer. The very small population became very wealthy but have seen a big decline as those deposits were.depleted. Where you go wrong is not knowing what the source of income is for a particular place. You see someone prospering and say if they can why can't you? The U.S. has the world's biggest economy and over 350 million people. There's no comparing it to two small island nations and saying if they can how come you aren't? That's extremely flawed logic. [/QUOTE]
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