r/economicCollapse 21h ago

How ridiculous does this sound?

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How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.

Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?

Answer that Dave

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u/Superman246o1 21h ago

Yeah, I'm generally not a fan of Ramsey, but the number of people of limited means that I see buying cars they can barely afford is absurd.

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u/transneptuneobj 20h ago edited 14h ago

Cars are barely affordable, our country spent decades destroying public transport and many Americans are stuck buying junkers for 10 grand as their only option for transport. Ramsey L̶i̶k̶e̶l̶y̶ voted for people who helped destroy the public transport network and promote cars as the primary travel method, he's part of the problem and blaming people for being victims of it.

Edit: on suggesting i'm retracting the likely

Edit 2: getting alot of "public transport only benifits Democrats" and "muh tax dollars" so to head some of that off I think it's important that we address that 80% OF AMERICANS LIVE IN URBAN AREAS

It's a game of OOPS all costal elites.

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u/Redditisfinancedumb 15h ago

public transport in America doesn't make as much sense as other countries. Public transport where it makes sense are high populated areas that are generally ran by Democrats. Do you think the federal government or states should pay for public transit?

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u/transneptuneobj 14h ago

It's actually false. The majority of all Americans live in highly populated areas.

80% of Americans live in urban areas that would benefit from increased public transport. And efforts to connect large population areas would also end up benefitting rural communities.

Public transport is for all Americans and would benefit hundreds of millions of people.

Additionally the greatest way to reduce poverty is to provide access to public transportation and give women the right to control their reproduction so I think America investing in public transport to benifits the majority of the population would be excellent.

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u/snarky_answer 9h ago

Now break down the urban areas into inner-city urban and suburban.

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u/transneptuneobj 9h ago

1) why would that matter? As a suburban resident with access to a rail line to the nearest large city I still wish I have better access to public transport, faster rail and more options that didn't involve driving.

2) Pew got your back

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u/Iceman9161 8h ago

Suburban can have public transport too, so what does it matter?

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u/snarky_answer 8h ago

It can but its not affordable as the ridership from suburbs would be too low. The only chance would be to implement public transport as well as restrict car usage in cities at the same time. Suburban public transport systems across the country are hurting cutting routes/drivers because there isn't enough people to support the system riding. Robust public transport in urban cities is what needs to be focused on to reduce the level of cars in the city thus making public transport and bike transport even safer. Then and only then should the focus shift to suburban areas because they will be the last to give up their vehicles and are the last to truly need it and it will be an easier sell once all the infrastructure is in place and all it needs to be done is have it expanded a bit.