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97: Country Driving: A Chinese Road Trip

Made You Think

CHAPTER

The Importance of Car Payments in America

In America cars are so much of like identity. The idea of damaging them seems painful. If you look at the number of people who have like over $1,000 a month car payments it's insane. Chinese cities have to raise much of their own funds but by law they can't issue municipal bonds like American cities. They also can't charge significant property taxes because land is nationalized.

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