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.
The median home price in the U.S. is six times the median annual income3—fifty years ago it was two times—and the share of first-time buyers4 is barely half the historical average and the lowest on record. Medical debt is the leading cause5 of consumer bankruptcy; half of American adults would not be able to cover a $500 medical bill without taking
... See moreScott Galloway • The Algebra of Wealth: A Simple Formula for Success
“A developed country is not a place where the poor have cars. It’s where the rich use public transportation.” — Enrique Peñalosa
Preferable future habitats
poverty is not a lack of character. It’s a lack of cash.