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NYC has super low property tax. It's a win for no one

• dionidium 4y ago
  If I were faced with a situation where the taxes were sub-optimally low, then I would simply raise the taxes, instead of trying to remake the entire concept of private property.
• colinmhayes 4y ago
  Attracting billionaires is a win. Even if they’re just there for a couple weeks a year they’re providing a lot of prestige.
  • LunaSea 4y ago
    Prestige sounds like "paying in exposure" that artists keep hearing about.
    • kyawzazaw 4y ago
      I mean brands do that. Look at Redbull having a F-1 team (and other sports team).