On: The Bay Area’s tech boom in historical and social context

[cobookman]

That discourages people from moving up in pay. It'd likely be cheaper to make less money.

You'd also encourage rich people to hide their money. Especially trust fund kids who's income is low as they only take out what they need to spend.

[almost_usual → cobookman]

>That discourages people from moving up in pay. It'd likely be cheaper to make less money.

It discourages people from moving up in pay AND selling their homes.

>You'd also encourage rich people to hide their money. Especially trust fund kids who's income is low as they only take out what they need to spend.

Still creates more friction and difficulty for the wealthy.