LogFAQs > #979919973

emblem-man posted...

Maybe. I think we've also seen that rich people at times just like living in California. Obviously we shouldn't assume that there's no breaking point, but man. It's very very unsympathetic

Let me be more specific. What I meant by interesting is that I think it will have fairly significant unintended consequences for areas that are tech hubs or have built up a really dense concentration of expertise. Not specifically that it will damage california. It'll have the same effect with manhattan. It might actually be really helpful in the long term because it will force industry to spread out a little bit more rather than concentrating into only a couple of places, creating this endless spiral of pay raises and incentives to motivate people to move there until the cost of living is completely unsustainable.