According to CNBC the US is way behind European countries as the “best” place to retire. The US ranks well back in 16th place. The NUMBER ONE place to retire is SWITZERLAND according to the CNBC article. You can read the amazing article HERE.
As someone who is semi-retired, I had to look up some numbers as Switzerland does not in my book seem like the “best” place to retire.
Here are some figures.
Housing. You’d better have more than the average retirement savings that most people in the US have put away. A 900 square foot apartment will put you back a cool $1,000,000.00 !!! A million buck$ for less than 1000 square feet of living space. Sounds pretty “best” so far.
Food. Eating is quite the bargain in Switzy. A meal at an “inexpensive” restaurant will only set you back about $25. How much food can you buy at Denny’s for $25? Once again quite the “best” bargain. A meal for TWO at a “moderately” price establishment will only set you back $103.00. Like the birdie said, “Cheap, cheap, cheap”. Okay forget dining out, how about some good home cooking. A gallon of milk will cost you $6. Not much more than milk at Walmart for $2. $6 isn’t that much more than $2 is it? A dozen large eggs is only $5.61. Again Wally has them for $2.67. Not too much more is it? Once again very “best“.
How about some TRANSPORTATION? A Toyota Corolla over there is only a bit more than $26,000.00. A Corolla here in the states is right around $19,000.00 if didn’t haggle and paid full MSRP. $7,000.00 MORE for a car is just another drop in the “best” bucket.
Taxes. Here’s a cool thing about living in Switzerland. They tax you on your wealth. You pay taxes on everything you own INCLUDING money that you’ve saved. Here in the US you’ll hear the progre-sissies screaming about capital gains taxes benefiting the rich. Capital gains taxes are taxes on EARNINGS and NOT on the PRINCIPLE (money you’ve saved). The Swiss fix this problem by taxing on both PRINCIPLE AND EARNINGS, every single year. If you’ve saved $100,000 and you had 5% growth, here in the US you only owe taxes on $5000. In the “best” Swiss system you get taxed on every single penny of your savings, the $5000 in earnings PLUS your $100,000 in savings, EVERY YEAR. Makes your nest egg smaller and smaller every year. Pretty good deal, right? This is to prevent EVIL WEALTH ACCUMULATION by fiscally prudent people. Tax all wealth to give away to everyone. Wealth redistribution. Wait isn’t that one of the “best” idea with DEMOCRATIC SOCIALISM?
Is CNBC promoting “FAKE NEWS”? Nah, that can’t be. They’re a “real” news agency. They wouldn’t lie to us. They’re all the “best” reporters without a socialist agenda.