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.