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TopicNew York has fourth-highest household debt in US and it's getting worse
s0nicfan
09/23/22 1:04:08 PM
#23:


archedsoul posted...
Moving to places like Ohio or Arkansas is not something that most people will be able to do. Though people from NYC have been leaving in droves to Florida, Georgia, Michigan and Texas these past few years.

Like I said, the process has to be gradual. People and business have to move together in order to build up a solid base or it won't work. Those cities that you say are crumbling, are crumbling because there isn't enough money to fix them, because there aren't enough people and businesses to raise enough tax revenue to do so. Those places will naturally turn around as tax revenue increases, but if your default response to a city starting to fall apart is to flee it then all you're doing is guaranteeing it. It might not be the same location, but you're highlighting exactly how this process can and does work in the current day.

It may be something that has to be incentivized, but it's an approach that will have far more long-term success than continuing to try to jam an infinite number of people into a finite space simply because that's where people most want to be.

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