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> rich neighborhoods want more and more services but when the bill finally comes due it is only then that they realize the true cost of that folly I'm not sure
by bunderbunder 8y ago
> rich neighborhoods want more and more services but when the bill finally comes due it is only then that they realize the true cost of that folly
I'm not sure they do; I've known more than a few wealthy acquaintances who just grumble about the taxes suddenly being too high and then move to the next town.
- partiallypro 8y agoI think they do, and then a few people who do complain about taxes move away...then suddenly in order to make up that shortfall taxes have to rise again...then a previous group that was closer to wanting low taxes threshold move...Cities take this as they aren't doing enough, so they spend more, and more, and more. They still have shortfalls, so they try to raise taxes, then realize no one wants it. It fails, so the city dips into pensions, or skimps. Then sooner or later it cascades down a hard to reverse path. It can take years or decades to play out...but it almost always does. It can also take decades to fix once it hits the fan.