Let’s say we have two countries, A and B. They start out at equal levels of wealth, with residents making on average $100,000 a year.
A chooses a more capitalist system, and B chooses social democracy. Let’s say that, because of this, a poor person in B is better off.
At the tenth percentile of income, assume a person in A makes 35% of the average, or $35,000 a y...