Interesting read and a big part of the fall of that City. Libs in this country believe you can tax your way out of everything. Apparently Detroit has a very odd "Earnings Tax". About 2.5% of your yearly income. The surrounding suburbs don't have anything on the books like that. Suprise!!! The wage earners live there! Many of the suburbs outside of Detroit are doing just fine. Whats funny is what 30 years of there insanity and now they are finally adopting sound advice...getting rid of those taxes, and pro economic growth. Now considering that go venture over to nearly all the States that are bankrupt. Illinois, California, North Carolina...to many to list. Collectively its 100-200 trillion dollars in the hole do there insanity. Guess what..there all finding that lower taxes, less entitlements, pro growth is much better then letting the human leaches continue there suckage. In NC for instance the new Governer said "Enough". There 5 billion in the hole, the axe is going across the board. From food stamp cuts, to unemployment extension. Good to see some still believe that taking from those who contribute to those who never will return the favor is a idea whos time has past. Thats why the future is great. You guys have had your 30 year run and over 40 out of 50 states are near crisis mode fiscally. Theres literally no more money. The cuts are a comin. Enjoy! http://www.forbes.com/sites/rexsinquefield/2013/08/11/the-earnings-tax-is-a-key-factor-in-detroits-taxpayer-exodus-bankruptcy/
Yeah the sad thing that so few people realize is that liberal fiscal policy really hurts the poorest people so much.
And our government still pissing away tax dollars trying to take over the world to enrich the corporations.......