3 ms·
Palm Beach, Coral Gables, Naples, etc.
by mi100hael 8y ago
Palm Beach, Coral Gables, Naples, etc.
- dahdum 8y agoMiami has the highest income inequality [1] in the US, and the ultra pristine neighborhoods you'd expect due to that. It's also generating jobs faster than almost anywhere else, with virtually every neighborhood getting better. That's more due to Latin American immigration than taxes though. https://www.miamiherald.com/news/local/community/miami-dade/article106325122.html https://www.miamiherald.com/news/local/community/miami-dade/...
- dsfyu404ed 8y ago>It's also generating jobs faster than almost anywhere else, with virtually every neighborhood getting better. That's more due to Latin American immigration than taxes though. Well also due to the flow of rich people (specifically flow of new ones, not just their presence) adding money. Rich people overpay a developer for a house some of which trickles down to the plumbers who go out to dinner and tip the waitstaff. It's like a tourist town with no off-season. Trickle down economics works quite well on a local level (e.g. every boom town ever for the duration of the boom) so long as you don't do something crazy like prevent new housing from being built.
- dahdum 8y agoSo true, but many of the wealthy newcomers do come from Latin America, and the condo towers flying up are funded by Latin American investors for the most part. Interesting place, weathered the recession well and maybe the next.