Thanks for your response! I’m glad I found your post – had been thinking about this topic in very similar ways for a while but hadn’t seen anyone else discuss it this way (or attempt it).
I do think that living with world GDP per capita is potentially an underestimate of how much one’s share should be when living in a very expensive place (e.g. London). Clearly everyone should have right to housing and housing in London isn’t that much more expensive to build than anywhere else (?), but world GDP per capita can’t cover that.
I think that adjusting one’s yearly budget from that ideal point to compensate for one’s area’s cost of living seems reasonable. Another even more lax approach is to aim to live with 30-50th percentile income of the city/country one lives in: plenty of people do it, thus it must be possible.
Thanks for your response! I’m glad I found your post – had been thinking about this topic in very similar ways for a while but hadn’t seen anyone else discuss it this way (or attempt it).
I do think that living with world GDP per capita is potentially an underestimate of how much one’s share should be when living in a very expensive place (e.g. London). Clearly everyone should have right to housing and housing in London isn’t that much more expensive to build than anywhere else (?), but world GDP per capita can’t cover that.
I think that adjusting one’s yearly budget from that ideal point to compensate for one’s area’s cost of living seems reasonable. Another even more lax approach is to aim to live with 30-50th percentile income of the city/country one lives in: plenty of people do it, thus it must be possible.