The U.S. Congress has recently completed a tax overhaul that promises a starry-eyed Christmas fairytale of sleek reindeer (corporations) which tow a bloated but bursting-with-life Santa (the U.S economy) across the winter skies, showering the huddled masses below with jobs, homes, healthcare — no gift of corporate largess too grandiose to imagine.
In Utah they’ve been living that free market-powered dream for some time now. And guess what?
You’ve already guessed, haven’t you? Utah’s huddled masses gaze upwards waiting for bounty that by and large never seems to come in a business-friendly state where executive salaries soar and worker wages have flat-lined.
A recent report has found that, over the last quarter century, housing costs in Utah have grown nine times as fast as wages. Since 2011, Utah has had the fourth-highest increase in housing prices in the United States.
And yet, with the state falling far behind the demand for affordable housing, it has made only one significant attempt to address the necessary funding. And that attempt failed.
The consequences for children now being born? In the Salt Lake Tribune: Gehrke: When your newborn grows up, an average home in Utah may cost $1.3 million, unless we change things now