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I wish instead of just counting tax it would e.g. add rent, too. Living in a big city your salary can look much more impressive than if you look at disposable i
by Tenoke 5y ago
I wish instead of just counting tax it would e.g. add rent, too. Living in a big city your salary can look much more impressive than if you look at disposable income.
- willcipriano 5y agoIf you do it that way very wealthy people can appear to have average income. "Yeah I make 2 million a year, but my mortgage is 25 thousand and my Aston Martin costs 4 grand!" Truth is places are expensive beacuse they are desirable. Living in a tin shack in Africa without indoor plumbing isn't comparable to living in a posh flat in central London. We like to pretend that it is and call it cost of living, but it's really the standard of living that is different With globalization this is even more true, with the rise of remote work doubly so.
- Kinrany 5y agoPlaces are expensive because many people want to live there, not because the standard of living is higher. Income already accounts for most of the benefits.