2 ms·
I have very mixed feelings about this part of the tax plan. For years I've been concerned about the increasing geographic gap between rich and poor in America.
by api 9y ago
I have very mixed feelings about this part of the tax plan.
For years I've been concerned about the increasing geographic gap between rich and poor in America. All talent, capital, and entrepreneurship is increasingly concentrated in coastal cities. This is impoverishing the interior and at the same time driving real estate hyperinflation on the coasts.
The middle class and the young get caught in a vice here. You either live somewhere with affordable real estate but no career opportunities or you live somewhere where you can advance your career but can never afford a decent home and can never escape ever-increasing rent. Either way you are screwed. Rot in a backwater or spend everything on real estate and never accumulate savings.
I'm tempted to support anything with the potential to reverse this horrible trend.
At the same time I also see this as unfair. Coastal blue states already collectively pay more in taxes than they receive from the Fed.
I'm a bit torn on this. I'm also torn on the corporate income tax cut.
The rest of the tax bill seems mostly bad, so on balance I am not supporting it.