Nothing stops growth like the burden of taxes. And if you don’t believe me, just as the fine folks in the city where I was born, Detroit Michigan.
In the 1950’s Detroit was the fourth largest city in the US with more than 1 million people living in the Metro Area. It became a model city that was held up for all the world to see as a shining example of progress.
Within 30 years, Detroit was in a steep decline from which it is now starting to recover. And in that time period, Detroit lost half of it’s population (and tax base).
One of the biggest problems facing Detroit was it’s debt load. As they took on additional financial burdens, people left the city. As people left the city, the council raised taxes to make up for the lost revenue.…