Taxation is significantly higher than 50% depending on the city you live in.

Make a million in NYC and you probably see 450k.

Then, your rent is the highest in the nation, Ubers, groceries, alcohol, services, restaurants, are all sky high.

You’ll do better making 250k in Dallas than you will 1mm in NYC.

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какое?

Wut?

The coolest part is:

As there is no free market for the money they get (via taxes, inflation), they don't have to compete, and can be as inefficient as possible, and does not make a freaking difference.