We read at AI overview that a single person in America needs on average about $2500 monthly income to cover their cost of living expenses, as compared to around $1700 to $2200 in comparable Western European countries, which is a significant difference between the two – while also representing the basic reason why so many people in America struggle from paycheck to paycheck which also is very disappointing in consideration that America is blessed with abundant natural resources, plenty of land, and superior higher-educational facilities, but somehow is not competitive when it comes to its cost of living, which is further exacerbated by the fact that the disparity between the wealthy and the classes below these elites are getting ever steeper and with no real reason to believe that this trendline will change in the near future to favor the lower classes.
While there are a lot of things that America could concentrate its energies upon, it should probably consider first to do something about the cost of living in this nation, so as to put itself on a pathway of being more competitive with like countries – of which, America needs to take a serious look at, for instance, what can be done to make housing more affordable, as well as to reduce its energy and insurance costs, along with addressing robustly both childcare costs as well as its strikingly high healthcare costs.
As they say, the proof is in the eating of the pudding, and the proof that the cost of living in America is too high is reflected by the fact that so many Americans struggle just to keep their heads above water in this, the richest country in aggregate in the entire world. This would seem to strongly suggest that the benefits that the people get from their government through their mandated tax contributions needs to be seriously re-evaluated, and our supposed progressive tax system, in addition to corporate taxes doesn’t seem to work the way that it should, because there are a multitude of superrich corporations as well as wealthy individuals that somehow don’t come close to paying their full freight when it comes to taxes, and a significant portion of these, actually don’t pay any taxes, at all.
It would seem that this nation is run in a way that the powers that be don’t have any real problems with the way that things currently are, which would seem to strongly suggest that our representative government doesn’t really represent the people at all. Indeed, the fact that our cost of living is so high, is a significant reason why there is an estimated six million Americans that have moved abroad to take advantage of a lower cost of living and an overall higher quality of life, which this government should see as a “slap in the face” and thereby a reflection that not all is right within its borders.
Look, the bottom line is that what really matters is the affordability and thereby the cost of living for our people in comparison to the income that those people have, and because that cost of living is unnecessarily high, this signifies that this nation needs to see this as the proximate problem to resolve, or else the American dream will turn more and more into a nightmare.