Re:Tokyo: A big city that is also pleasant to live in
by treis on Saturday January 01, 2022 @01:25PM
(#29761077)
>Putting all preferences aside, American suburban living is fiscally unsustainable and supported by massive borrowing.
This is commonly stated but is not backed up by any real world evidence. Infrastructure costs are on the order of 10-15% of government cost. The cost of government is almost all in paying salaries (and pensions) to employees providing services. Governments that have gotten into fiscal trouble are there because of ballooning pension cost.
This is commonly stated but is not backed up by any real world evidence. Infrastructure costs are on the order of 10-15% of government cost. The cost of government is almost all in paying salaries (and pensions) to employees providing services. Governments that have gotten into fiscal trouble are there because of ballooning pension cost.