my understanding is that the #1 reason a lot of EU citizens changed their residency to Portugal is that it doesn't tax people nearly as heavily as their home country (some of which were like 50% taxes or something crazy high like that). IMO people/jobs moving to lower COL countries is going to be a major trend in our lifetimes, and the higher-tax / higher-COL countries are going to need to have some Argentina-style cost cutting and/or face Detroit/West-Virginia-style blight.
Yes I tend to agree. I’ve been back in the US for a week now and the amount of money I’ve spent doing regular, everyday things is just insane.
Just to get home from the airport I paid $35 for an Uber - in a low COL country the same distance covered would be ~$5 or less
I lived in the US my whole life up until this year and was used to the prices of everything, but now it feels like robbery when I’m used to the alternative.
my understanding is that the #1 reason a lot of EU citizens changed their residency to Portugal is that it doesn't tax people nearly as heavily as their home country (some of which were like 50% taxes or something crazy high like that). IMO people/jobs moving to lower COL countries is going to be a major trend in our lifetimes, and the higher-tax / higher-COL countries are going to need to have some Argentina-style cost cutting and/or face Detroit/West-Virginia-style blight.
Yes I tend to agree. I’ve been back in the US for a week now and the amount of money I’ve spent doing regular, everyday things is just insane.
Just to get home from the airport I paid $35 for an Uber - in a low COL country the same distance covered would be ~$5 or less
I lived in the US my whole life up until this year and was used to the prices of everything, but now it feels like robbery when I’m used to the alternative.
now woder all the digital folks coming here in Europe, I would do them same if I wasn't living here....