[ip26]

If you have dependents that are children, I feel there is a moral consideration. If you have earned $1M and then take the family to live who-knows-where slowly drawing on that $1M.. will your children be able to replicate your success? Will they be able to earn their own $1M? Or will leading this new life significantly impair their prospects?

To me this is the most critical problem with the "move somewhere crazy cheap" plan. I feel a parent owes their children at least somewhat similar opportunities as they themselves had. If you got to work as "high flying white collar tech worker", but the only option your children have is "subsistence fisherman", you have wronged them.

[grosswait]

I think there is room for arguing children raised in the high flying city have been robbed of something as well. Can’t have it all and one is not objectively better than the other if you look at the full picture.

[ip26]

Certainly room for such discussion. However if the parent waits to first save a large sum before moving there (instead of moving there straight out of high school), their revealed preferences suggest even they do not feel the tiny village is great for young people.