advertisement advertisement advertisement If you’re a New York politician and you have nothing else to talk about, you can always bemoan the disparity between what New Yorkers send to Albany and Washington in taxes and what they get back in programs and services. The same is true for most major cities. Los Angeles and San Francisco subsidize the rest of California, and California’s taxes helps subsidize the federal government. Chicago subsidizes downstate Illinois. Boston subsidizes Western Massachusetts. Seattle subsidizes the rest of Washington State. It’s true of any successful city in any blue state. But as unfair as this may be, it’s not what’s putting the future of these cities at risk. advertisement advertisement As tech behemoths like Tesla, Oracle and HP and Wall Street giants like Goldman Sachs and Carl Icahn decamp San Francisco and New York City for Texas and Florida, there’s an emerging class of cities quietly benefiting from playing the politics of the left and the right at the same time: blue cities in red states. Austin is the perfect example. Austin’s metro area has been the nation’s fastest growing for the past eight years. Every major tech company imaginable from Apple to Google, Cisco to… Read full this story
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Why a new class of cities threaten Silicon Valley’s supremacy have 289 words, post on www.fastcompany.com at January 5, 2021. This is cached page on Bach Thien. If you want remove this page, please contact us.