Upward mobility in U.S.. The relationship between father-son earnings is tighter in the United States than in most peer OECD countries, meaning U.S. mobility is among the lowest of major industrialized economies.... An elasticity of 0.47 found in the United States offers much less likelihood of moving up than an elasticity of 0.18 or less, as characterizes Finland, Norway, and Denmark. In U.S., people make money the old fashioned way: they inherit it.
INEQUALITY between rich & poor - of all countries tracked - have increased most in Germany & the US since 1985 says OECD report, meaning MOST of the wealth & income gains have gone to the top small percentage of people & not shared w/ the poor. The US ranks #17 & Germany #18 of 34 for Life Satisfaction. Spain's inequality decreased more than any country since 1985. http://www.oecd.org/social/inequality.htm http://www.oecdbetterlifeindex.org/topics/life-satisfaction/
Treasurer Joe Hockey has released a discussion paper on Australia's taxation system. It says the Federal Government is committed to a better tax system to deliver taxes that are lower, simpler and fairer. ABC Fact Check takes a look at the tax system.
According to the OECD's "Better Life Index," women in Denmark have the most overall life satisfaction... but so do the men, so perhaps it's just a happy place. A whopping 89% of people in Denmark reported having more positive experiences in an average day (feelings of rest, pride in accomplishment, or enjoyment) than negative ones (pain, worry, sadness, or boredom). The OECD average is 80%. Here's a look at countries worldwide according to that same metric (darker red means more satisfied)