Do Americans Know What a Massive Ripoff American Life Really Is?
Thanks to St. Jimmy (Russian American) for recommending this article... Do Americans Know What a Massive Ripoff American Life Really Is? What it Means When I Say America is the World’s First Poor Rich Country umair haque I’ve recently moved to the States — shudder — for a year or two. And I’m shocked at how expensive just life is. For no good reason at all. When I put my economist hat on, a fact becomes clear to me. American life is a gigantic rip-off, one of the world’s biggest, and that’s why America is now effectively a country of poor people, and that makes it a nation of angry, cruel, and selfish ones, too. But I’m getting ahead of myself. Let me start over. American life is the biggest ripoff in the world . Or at least one of the biggest, in the top five, certainly. Just…existing. It costs way, way more than it should. So much so that America cannot ever move forward as a society. So, trapped in a cycle, which economists call a “poverty trap,” Americans now...