American taxes are lower than Europe. Consequently, the standard of living in America is higher than Europe, when you compare identical incomes.
I can go buy property in America for as little as $10,000 and throw a trailer on it and call it home. I can’t do that anywhere in Europe. I’m not saying that I’ll get prime property for that $10,000, just that it is there.
Pick any aspect that comprises a standard of living and it is better in the US than in Europe, because of the differences in taxation.
“American taxes are lower than Europe. Consequently, the standard of living in America is higher than Europe, when you compare identical incomes.”
This is true.
“I can go buy property in America for as little as $10,000 and throw a trailer on it and call it home. “
Yes you can. In Spain, Portugal, Italy, and I think France you can easily get that deal, or better, for acreage, depending on location. They will also sell you an “abandoned” village house for one Euro, sometimes with attached land. And you can park your trailer too. I see lots.
Same in Japan.