The text is a conversation about the economic disparities and living conditions in Jackson Hole, Wyoming. The speaker discusses the high cost of living, the wealth gap, and the struggle of some residents to afford housing. They mention that Jackson Hole is often referred to as the "last of the old west" and that its Cowboy culture is deeply ingrained.
The speaker also talks about the influx of wealthy individuals, particularly during the COVID-19 pandemic, who have created a new land rush in the area. They discuss the unique cultural transformation that occurs in Jackson Hole, where millionaires and billionaires often dress down to avoid appearing wealthy.
The conversation also touches on the philanthropic efforts of some residents, such as a wealth advisor who plans to donate a third of his tax savings to local non-profits and charities. However, the speaker acknowledges that this wealth influx has led to a more unequal society, with some residents struggling to afford housing and basic necessities.
The conversation concludes with a call for creating a more equitable society to support people with housing and human services, ensuring a sustainable economy and quality of life for all residents.
1. Jackson Hole, Wyoming is often referred to as the "last of the old west" and is known for its deep-rooted Cowboy culture.
2. The average income in Teton County, Wyoming is $181,000, and the average single-family home price is over $5.5 million.
3. The area is experiencing a significant wealth disparity, with some people having more money than they could spend in 10 lifetimes.
4. Many workers have been forced to move to cheaper towns due to the high cost of living in Jackson Hole.
5. Elizabeth Hutchings moved to Jackson Hole from Massachusetts in 2018 and has lived in various places, including her van and an apartment.
6. The area is experiencing a "land rush" due to the desire for multi-million dollar Mountain escapes, which has been accelerated by the COVID-19 pandemic.
7. Wyoming does not have a state income tax or a corporate tax, making it a popular place to park wealth.
8. Phil Hartle, a private wealth advisor, moved to Jackson Hole from high tax California in late 2020.
9. Teton County is one of the most philanthropic communities in America.
10. Elizabeth Hutchings is advocating for a more equitable society to support people with housing and human services.