On 12/29/06, Peter P. wrote: > > Let's count taxes, assume the tax rate in US is 40% and China/India 0% and > > Singapore 10%. You can still see the huge differences. > > > > Year 2005 GNI per capita, Atlas method (current US$), minus tax > > China 1740 > > India 720 > > Singapore 24741 > > USA 26244 > > Ah, so suddenly Singapore is only 6% below the US ? Singapore belongs to first world, at least in terms of ecnomy. It is a tiny city state with a highly efficient government. I list it there since I am in Singapore now. And that is average GNI. If we compare average household income, Singapore data will be even lower. And even in Singapore, an average engineer earns much less than US counterpart (even without consider the exchange rate and assume 1US$=1S$ in terms of purchasing power) and enjoy much less benefit. The only category of people in Singapore who earn more than their US counterparts may be the top government officials but I believe they deserve it. -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist