Comment by oatmeal1
18 hours ago
America is rich, but that money is spent on new problems we invented for ourselves. We subsidize farmers growing unhealthy foods, then subsidize buying those unhealthy foods through food stamps. Then we subsidize healthcare to address the consequences of extra obesity.
Single-use zoning makes it illegal to build the places people want to go within walking distance of where they live, so we spend trillions over decades building car infrastructure to allow people to commute. Of course the consequences of commuting by car is more pollution and less exercise, again causing health issues.
The richer a country becomes the more expensive everything gets.
The average house price in my country is now 400k eurodollars. And banks keep giving out loans.