Richer Americans Like Living With Poorer People Until They Have Kids – Real Time Economics – WSJ
“This hurts the economy in at least two ways. While a lot more research needs to be done, it’s probably not great for children in poor areas to not have access to better schools and more educated adults. More perniciously, though, if the better-off aren’t living in the same place as the worse-off, they won’t be as willing to pay for future social services in the worse-off areas. Indeed, their tax payments will go to supporting their own schools and parks, leaving the lower-income areas to fend for themselves. That, in turn, will reinforce the economic inequalities that already exist”
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