Why Are People Moving Away From Financial Centers?Harrison Roger
In 2014, at least $20 billion in income will shift between U.S. states.
In terms of wealth, the $20 billion income shift equates to about $100 billion in wealth, or about 0.2 percent of total wealth held by individuals and nonprofit corporations in the United States.
Most would think the $100 billion is accounted for by looking at taxes, industry demand, and other economic/industry conditions.
Would you think wealth shifting has anything to do with an area being a financial center?
If so, would you guess individuals are moving their wealth to places with financial . . .
This content is exclusively for paying members.