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The trouble is, very few of those rich people actually live here, aside from vacations and for tax purposes. Sadly, most people here (especially the politicians
by zrobotics 9y ago
The trouble is, very few of those rich people actually live here, aside from vacations and for tax purposes. Sadly, most people here (especially the politicians) seem convinced that this current coal bust is part of the normal cycle, and the revenues will come back in a few years. At the point that even China is looking to reduce coal usage for environmental reasons, I highly doubt that the mine revenues will ever return to peak levels.
The only tech that the state seems to have attracted is datacenters, but those don't provide much in the way of tax revenues or jobs.