Saturday, June 10, 2023

The Big Economic Problem of Shrinking Cities | Economics Explained


Shrinking cities need to "de-annex" and give unsustainable pieces at boundaries to counties or organize them as their own municipal areas. 

Tax support needs to change at the same time. Split property tax into land and buildings with buildings going to city for services and land going to state to extract location value. 

Education and social welfare should be funded with employer paid subtraction value added tax.

Limit income tax to top 20% of income. Brackets set to 80th percentile to 96th, 96th to 99th, 99th to 99.9th and top 0.1%. 3% for each bracket.

No comments:

Post a Comment