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The age of affording a car OR having affordable public transportation is over.

"You'll own nothing and be happy"

This is only (possibly) true in big cities. In the burbs, or rural areas, not so much. It always amuses me how pundits take a look at big city life and assume that everybody lives that way. Much of America will never, ever be urbanized. It's just too damn vast.
Imagine intentionally trying to destroy a whole industry your country is known for worldwide along with all the jobs that come with it and celebrating it.