Acronym translations pretty please.
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I think HNW = High Net Worth and PIT = Personal Income Tax
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Isn't a large part of the PIT on capital gains too?
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Uh like a small double digit percentage of it
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Careful giving Kotkin much credit. He's right to point out housing shortages but his solutions involve absurdly family-unfriendly sprawl
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Kotkin's prescriptions are invariably along and rooted in the same mentality that got us into this mess.
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"Gerontocracy" - I think somebody is cheating in Words with Friends.
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This is spot on.
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Writer mentioned "net out-migration" of higher middle class earners which is something I've also noticed.
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Also an opinion that CA is becoming like a caste system because of income or net worth inequality. A few rich, SV, govt workers, and poor.
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