12. Western Europe Has A Lower Threshold
Western European countries have economic models that are more socialist than America. These governments tax the wealthy to redistribute income to fund social services for the poor. There is much less income inequality in Western Europe than in the United States.
For example, in Germany, a country where the average income is about $47,000, you only need to earn $277,000 per year to be in the top one percent of earners. In the United Kingdom, that number drops to $248,000. And in France, it is only $221,000. In Italy, those in the top one percent of earners need a paltry $169,000 a year, much more than the country’s average income of about $33,500. Not that these countries are any poorer than the United States, they merely have laws that promote more income equality.