Americans feel poor despite being orders of magnitude richer than most others because our gov. cannot provide cheaper public options to costly private goods. You don't need a big house if there's a vibrant public square, you don't need a car if there's a train every 5 minutes.
Stan Oklobdzijatwitter.comAmericans feel poor despite being orders of magnitude richer than most others because our gov. cannot provide cheaper public options to costly private goods. You don't need a big house if there's a vibrant public square, you don't need a car if there's a train every 5 minutes.
This is why retirement savings goals are frequently in the millions. Those--and they're a majority--who have to pay for every convenience really need that much to replicate a median income lifestyle.
Jacob Lund Fisker • Early Retirement Extreme: A philosophical and practical guide to financial independence
“A developed country is not a place where the poor have cars. It’s where the rich use public transportation.”
Cole Lubchenko • Why Tokyo Works
“A developed country is not one where the poor own cars, but one where the rich use public transportation.” — Gustavo Pedro