As cities slowly fall to pieces, they are increasingly becoming no-go zones for investors and business, except for those who see opportunity investing in suddenly distressed properties; barely ten per cent of US companies are interested in investing in large urban areas. -Joel Kotkin
Even the New York Times admits that, in the past decade, cities have gone from “engines of growth and opportunity” to places where class relations are increasing fixed, with only the upper end of the income spectrum doing well.
Gotham’s one percent earns a third of the entire city’s personal income. That’s almost twice the proportion for the rest of the country.
But such class disparity is becoming the norm; in the tech haven of San Francisco, which has the worst levels of inequality in California, the top 5% of households earn an average of $808,105 annually, compared with $16,184 for the lowest 20%.
In many cities — Los Angeles, Minneapolis, San Francisco, St. Louis, New York — “progressive” district attorneys have worked assiduously to restrain law enforcement.
In California, where it is no longer considered a felony to steal anything worth less than $1,000, there has been a surge in property crime, including a huge rise in car thefts. San Francisco, for example, has seen the drug store Walgreens close ten outlets since 2019, citing elevated levels of theft and weak law enforcement.
Other officers responded and found a group of 25 to 30 gathered in the intersection, setting up fencing and putting up caution tape. They painted "F--- The Pigs" on the street and on a nearby building.