> To add insult to injury, in addition to the grotesquely high rents, New Yorkers and Californians are subjected to some of the highest overall income tax rates

> To add insult to injury, in addition to the grotesquely high rents, New Yorkers and Californians are subjected to some of the highest overall income tax rates in the country. Surely the rents would be even higher without those high income taxes. Though I'm in favor of increasing the supply of cheap housing and taxing property rather than income, I'm surprised that increasing income taxes isn't a go-to intervention for people who decry demand from relatively high income knowledge workers.