4 ms·
Money for schools, roads, subways, police etc has to come from somewhere, and if high-income earners flee (because of being overtaxed) to nearby low-tax areas t
by ordinaryperson 9y ago
Money for schools, roads, subways, police etc has to come from somewhere, and if high-income earners flee (because of being overtaxed) to nearby low-tax areas then taxes go up on everyone else to cover the shortfall, or services are cut.
I favor a tax increase on the wealthy but I'm just saying implementing such a policy is more difficult than it sounds, especially because NJ and CT are so close by.
- murph-almighty 9y agoNot speaking for CT but the attractive locations in NJ are getting pricey fast- anywhere along a PATH stop has pretty high rent right now.
- svantana 9y agoThat makes no sense, high earners are the least sensitive to (fixed) costs and are more likely to choose location based on attractiveness. Who would move in if a high earner moved out? Supply and demand have a way of taking care of these things.