why is US soo rich?

[shifrbv]

When the average family tax return is only $50K, that's not what I would term rich. The US is more of a mixture with extremes on both ends.

But how do we manage to look so well-off? It's really just a charade with a couple of secrets. First, get others around the globe to make your goods and sell them back to you even cheaper. This way your people have more disposable income to get loans for personal or business investment and accumulate more and more stuff on the cheap. Second, prop up your companies and markets to attract funding from around the world through whatever means necessary (fraudulent accounting, etc.) Money flows in from everywhere while the books are cooked in secret and under less scrutiny from the SEC. As long as nothing crashes, this scheme can go on indefinitely. This props up wages, increase capital expenditure, etc. which increases the pie for everyone. Third, invent catchy "financial counselor" groups to allow a consortium of your national banks to make tons of loans to less fortunate countries at outrageous interest rates. Make them pay for their loans 4, 5, or 6 times over. Fourth, and most importantly, make sure you have fiat money that no one can really put a true value against and print it like it's going out of style, tons and tons of it until it goes to the moon several times and back. Then convince other countries to tie thier currencies to yours so that when there is inflation, you can make minor adjustments so that you will always come out on top. If other countries would only adopt these measures, they could be more like us.

 

[heartsurgeon]

you have a basic misunderstanding of wealth (or "being rich"). and its relationship to imports and exports.
wealth can be CREATED. this is a fundamental fact that your post suggests you don't understand.
wealth is not a zero-sum game, where for someone/someplace to become wealthier, someone/someplace else must become poorer.
you should read Eat The Rich by P.J. O'Rourke - humorous and educational all at once!

 

[Viperoni]

<< It seems to me that US is a net importer of goods. IF thats the case why is US so rich? Most asian countries grow by exporting their stuff to US and Europe. What does US do to be rich? >>



I'm positive Bose is made in asian countries :Q

 

[Ornery]

"why is US soo rich?"

You don't get somthin' for nothin':

Americans get less vacation than people in other developed countries

• "...It's in the category of "required vacation at full pay" that we see a big difference. Outside the U.S., mandatory vacation time ranges from 10 days in Canada and Japan to 20 days in the Netherlands and the UK, 24 days in Germany, 25 in Sweden and France, and 35 days for managers in Italy. The required vacation in the U.S.? None..."