San Fran and the Bay Area may be the most enclave this side of Moscow. They support bigotry, high taxes, hate children (lowest % of children in nation—more dogs than kids) love to kill jobs in the name of the Climate Change scam, this is an area that proclaims itself free of capitalism.
Yet, it is the home of cities that have the widest spread between the rich and the poor. This is by design. High rents and housing costs, high taxes, and car hating laws— along with strike prone union controlled government transportation—only the rich can flourish in this environment. Now we know that when Obama talks about “income inequality” he is talking about the Leftist Bay Area not Kansas or Texas. Want discrimination? Go to San Fran.
“The Brookings Institution study does not conclude that efforts to reduce income inequality will reduce the vigor of the local economy. But the study showed that the nation’s biggest cities tend to have a greater chasm between income earners than the country as a whole. The study shows that in the 50 largest U.S. cities in 2012 a high-income household — which the study shows to be those in the top 5 percent — earned 10.8 times as much as a low income household, which the study pegged at the 20th percentile. Nationally the ratio is 9.1 to 1.
In San Francisco the ratio is 16.1 to 1. In Oakland the ratio is 12.7 to 1.”
San Francisco, Oakland among the cities with greatest income inequality
Eric Young, San Francisco Business Times, 2/20/14
San Francisco is among the most unequal cities in the U.S. in income distribution, a characteristic it shares with other metro areas with enviable economies.
That is the conclusion of a study published today by the Brookings Institution that finds income inequality is drastically higher in cities with vibrant economies like San Francisco, Oakland and New York and less so in more economically languid cities like Oklahoma City, Omaha and Las Vegas.
“These more equal cities — they’re not home to the sectors driving economic growth, like technology and finance,” the study’s author, Alan Berube, told The New York Times. “These are places that are home to sectors like transportation, logistics, warehousing.”
The study comes at a time when many cities, San Francisco included, are struggling with the effects of widening income inequality. In New York City, for example, Mayor Bill de Blasio wants higher taxes on rich families and better services for poor ones.
In San Francisco frustrations over income inequality have taken the form of protests over private shuttles for technology workers and calls for the government to do more to assist the middle class amid the rapid escalation of housing purchase and rental costs.
The Brookings Institution study does not conclude that efforts to reduce income inequality will reduce the vigor of the local economy. But the study showed that the nation’s biggest cities tend to have a greater chasm between income earners than the country as a whole. The study shows that in the 50 largest U.S. cities in 2012 a high-income household — which the study shows to be those in the top 5 percent — earned 10.8 times as much as a low income household, which the study pegged at the 20th percentile. Nationally the ratio is 9.1 to 1.
In San Francisco the ratio is 16.1 to 1. In Oakland the ratio is 12.7 to 1.
