> I am ignoring food, phone, car, rent and discretionary expenses, as these expenses tend to be constant or not mandatory. It’s not like only high earners need

> I am ignoring food, phone, car, rent and discretionary expenses, as these expenses tend to be constant or not mandatory. It’s not like only high earners need to commute to work, need shelter, healthcare, or phone plans, or have families, in which having more money can only help. And it’s not like these expenses scale with income, unlike taxes. Author doesn't understand lifestyle inflation (and how insidious it can creep up on you)