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A comment on Detroit files for Chapter 9 bankruptcy amid staggering debts . Parent comment

Re:Detroit files for Chapter 9 bankruptcy amid staggering de... by mhuffman on Thursday July 18, 2013 @11:16PM (#6068123)
I do. Raise property taxes and sales taxes until you can pay your bills. The solution is actually simple. It is impossible for elected officials to do and keep their job, but simple.
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Re:Detroit files for Chapter 9 bankruptcy amid staggering de... by tcoppi on Friday July 19, 2013 @08:32AM (#6069670)
That might not actually work, seeing as how Detroit already has a population problem and higher taxes will probably force even more of them out, leading to flat or lower overall revenue.
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Re:Detroit files for Chapter 9 bankruptcy amid staggering de... by fr0sty on Friday July 19, 2013 @09:48AM (#6070084)
Wouldn't work in the least. Property tax delinquency in Detroit is already > 50% (http://www.detroitnews.com/article/20130221/METRO01/30221037...)

You can't squeeze blood from a stone.

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