Re:Why Billionaires Don't Pay Property Taxes in New York
by ubernostrum on Wednesday May 13, 2015 @03:01AM
(#9537263)
but rather, the city can benefit from the investment that follows
Offering tax abatements to attract "investment" in a community is like offering ballooning ARMs to attract long-term home ownership: the incentives are set up to cause exactly the opposite of the stated goal.
Offering tax abatements to attract "investment" in a community is like offering ballooning ARMs to attract long-term home ownership: the incentives are set up to cause exactly the opposite of the stated goal.