My bar is however higher still. I want to be funding spending (and taxes) from investment income, without any need to sell ‘capital’. And my income yield is somewhat lower than the 4% SWR I’d used above; it’s closer in fact to 3.5%. This also pushes my tax rates up, to abo...
This in turn probably depends on the fact that car owners only calculate the cost of fuel and not the full cost of running a car when they reflect on the cost for a journey by car. They certainly do not consider the social cost (i.e., costs of congestion, noise, air pollution and ...