albhum said:
Not really, http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29
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Add up (on the IMF side) USA+Mexico+Canada and see if it is greater than or less than the EU+Russia. Add up World Bank's USA+Mexico+Canada v. England+France+Germany+Russia+Spain+Portugal+....GDP of NORTH AMERICA is greater than Europe or Asia. North America is more than just US.
The buying power of the people of the US is greater than the buying power of any other nation. Median Income-Cost of living= discretionary income. discretionary income * population = national buying power for nonessential products (including, video games).
When it comes to US arrogance some times I feel like we (I am a US citizen) can overestimate our own political influence and international power. However, it is an accepted fact that the US market is the most powerful market in the world. That is why international bodies and foreign governments put up with all of our crap.
Yippie for lower taxes. Some people think it is sad that in the US we have seniors and parents having to decide between perscription medicines or rent and food. I am glad I get to pick video games or saving for my own families well-being instead of paying for the medicines for people more irresponsible than me. (For the record I am 25, not rich, make US$8/hour from my job, goto a college that I have to pay for, save 20%+ of my income, and choose not to have kids until after I can provide for them)
Because of lower GDP and higher taxes you don't get to keep the money you make for the things you want to buy.
Edit: By the way I am not really a republican, I was shootiing down health care to explain why US has so much buying power. I do not think it is fair for Children (who can't do for themselves) or Seniors (who were made promises) to have to make those choices.
I would cite regulation, but I know you will simply ignore it.
