4 ms·

My takeaway from the graph is that overall, most states are "green" or are more or less evenly distributed. However these states stand out as "red" (more inequa

My takeaway from the graph is that overall, most states are "green" or are more or less evenly distributed. However these states stand out as "red" (more inequality), which seems to me due to the following industry outliers: CA: tech industry NY: financial industry CT: financial industry TX: energy industry? FL: wealthy retirees?

starpilot 7y ago
CA TX FL NY are also the most populous states, in that order. I never knew FL was that big.
- firebird84 7y ago
  Behold, our 29 electoral votes (and counting, yay reapportionment!) and DESPAIR.
JackFr 7y ago
TX, FL (& NV) no state income tax.
- starpilot 7y ago
  Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.
  - JackFr 7y ago
    But few rich people want to spend 183 days a year in Alaska, South Dakota or Wyoming.
    - A4ET8a8uTh0 7y ago
      I find that part surprising. I get Alaska due to weather, but SD and WY are visually stunning and weather seemed is reasonable.
      - mnm1 7y ago
        I think most people have very different criteria for what would make them live in a place for half their lives, especially people who can afford to live anywhere. Nature and weather are not unimportant, but far from the topmost criteria for a lot of people. Having family, friends, community, and other relations is often much more important. As is having the ability to do what one loves. In many cases, all those things are missing. I bet after a month or two in sd or wy, most people are ready to leave and never come back. Plus they compete with other non income tax states like Washington, Florida, and Texas that have a lot more to offer.
        A4ET8a8uTh0 7y ago
        It is a fair point. It really boils down to what you want. I keep thinking about it from my perspective.
  - microcolonel 7y ago
    Also New Hampshire (sort of, sans capital gains).
- subsubzero 7y ago
  Florida has been a popular destination for multiple large hedge fund owners from Connecticut, (Paul Tudor Jones, Eddie Lampert), and many ultra rich NYers are moving there as well. I wonder if CT and NY would get less inequal in the next few years as they have both increased taxes (CT in 2015), (NY in 2019) and the Trump limitation for property taxes write offs have made living there more expensive.
nugget 7y ago
Texas also has the country's best medical center in Houston with many thousands of medical specialists.
blakesterz 7y ago
Maybe seeing a breakdown by county for these states would be an interesting map. I bet it would show some big differences for those states.
- timsehn 7y ago
  With this dataset, you can do Zip, not county :-)
wolfspider 7y ago
FL inequality is due to the tourism industry and the super low wages they get away with paying. Construction is similar in FL this way too. https://news.fsu.edu/news/business-law-policy/2019/08/08/fsu-study-finds-tourism-industry-pays-lowest-wages-nationwide/ https://news.fsu.edu/news/business-law-policy/2019/08/08/fsu...
d1zzy 7y ago
The difference of income between top 1% and bottom 1% in an area is as useful/relevant as talking about the _average_ income in said area. If some area has some very rich people (or very poor people) this difference is likely going to be higher but that's the wrong thing to focus on. What matters is what is the 50% income and the quality of life you can locally afford with it.
austincheney 7y ago
https://en.m.wikipedia.org/wiki/Economy_of_Texas https://en.m.wikipedia.org/wiki/Economy_of_Texas > In 2017, Texas grossed more than $264.5 billion a year in exports—more than the exports of California ($172 billion) and New York ($77.9 billion) combined. > In 2002, the Port of Houston was 6th among the top sea ports in the world in terms of total cargo volume;[21] Air Cargo World rated Dallas-Fort Worth International Airport as "the best air cargo airport in the world".[22] The ship channel at the Port of Houston—the largest in the U.S. in international commerce and the sixth-largest port in the world. > Texas has the most farms of all United States both in terms of number and acreage. Texas leads the nation in number of cattle, usually exceeding 16 million head. Considering only trade revenue and export volume it would appear Texas is perhaps almost as wealthy as the rest of the country, comparatively speaking.

starpilot 7y ago

CA TX FL NY are also the most populous states, in that order. I never knew FL was that big.

firebird84 7y ago
Behold, our 29 electoral votes (and counting, yay reapportionment!) and DESPAIR.

JackFr 7y ago

TX, FL (& NV) no state income tax.

starpilot 7y ago
Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.
- JackFr 7y ago
  But few rich people want to spend 183 days a year in Alaska, South Dakota or Wyoming.
  - A4ET8a8uTh0 7y ago
    I find that part surprising. I get Alaska due to weather, but SD and WY are visually stunning and weather seemed is reasonable.
    - mnm1 7y ago
      I think most people have very different criteria for what would make them live in a place for half their lives, especially people who can afford to live anywhere. Nature and weather are not unimportant, but far from the topmost criteria for a lot of people. Having family, friends, community, and other relations is often much more important. As is having the ability to do what one loves. In many cases, all those things are missing. I bet after a month or two in sd or wy, most people are ready to leave and never come back. Plus they compete with other non income tax states like Washington, Florida, and Texas that have a lot more to offer.
      - A4ET8a8uTh0 7y ago
        It is a fair point. It really boils down to what you want. I keep thinking about it from my perspective.
- microcolonel 7y ago
  Also New Hampshire (sort of, sans capital gains).
subsubzero 7y ago
Florida has been a popular destination for multiple large hedge fund owners from Connecticut, (Paul Tudor Jones, Eddie Lampert), and many ultra rich NYers are moving there as well. I wonder if CT and NY would get less inequal in the next few years as they have both increased taxes (CT in 2015), (NY in 2019) and the Trump limitation for property taxes write offs have made living there more expensive.

nugget 7y ago

Texas also has the country's best medical center in Houston with many thousands of medical specialists.

blakesterz 7y ago

Maybe seeing a breakdown by county for these states would be an interesting map. I bet it would show some big differences for those states.

timsehn 7y ago
With this dataset, you can do Zip, not county :-)

wolfspider 7y ago

FL inequality is due to the tourism industry and the super low wages they get away with paying. Construction is similar in FL this way too. https://news.fsu.edu/news/business-law-policy/2019/08/08/fsu-study-finds-tourism-industry-pays-lowest-wages-nationwide/ https://news.fsu.edu/news/business-law-policy/2019/08/08/fsu...

d1zzy 7y ago

The difference of income between top 1% and bottom 1% in an area is as useful/relevant as talking about the _average_ income in said area. If some area has some very rich people (or very poor people) this difference is likely going to be higher but that's the wrong thing to focus on. What matters is what is the 50% income and the quality of life you can locally afford with it.

austincheney 7y ago

https://en.m.wikipedia.org/wiki/Economy_of_Texas https://en.m.wikipedia.org/wiki/Economy_of_Texas > In 2017, Texas grossed more than $264.5 billion a year in exports—more than the exports of California ($172 billion) and New York ($77.9 billion) combined. > In 2002, the Port of Houston was 6th among the top sea ports in the world in terms of total cargo volume;[21] Air Cargo World rated Dallas-Fort Worth International Airport as "the best air cargo airport in the world".[22] The ship channel at the Port of Houston—the largest in the U.S. in international commerce and the sixth-largest port in the world. > Texas has the most farms of all United States both in terms of number and acreage. Texas leads the nation in number of cattle, usually exceeding 16 million head. Considering only trade revenue and export volume it would appear Texas is perhaps almost as wealthy as the rest of the country, comparatively speaking.