What Happens When the 1% Go Remote

www.bloomberg.com

Miami and Austin are becoming the next big tech hubs. With remote work becoming mainstream, there'll be a huge shift happening in the economies.

For example, when the billionaire hedge funder David Tepper left New Jersey for Miami in 2015, he left a crater in New Jersey’s budget that experts estimate was upwards of $100 million annually 🤯

It doesn’t take very many ultra-wealthy Americans changing their address to wreak havoc on cities’ finances. 

This is one of the best stories I've run across. It is a must-read.

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