CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: No US city fines people like thieving Washington fines people Wed Jan 29, 2020 10:42 pm | |
| American cities are struggling to pay the bills. Chicago, for one, is facing an $838 million budget deficit. Los Angeles’s budget director predicts an upcoming budget deficit of $200 million to $400 million. Over the next two years, San Francisco expects to be roughly $420 million in the hole. About 600 miles north, the city of Salem, Oregon is more than $16 million short of what it needs. Twenty-five years ago, Washington was debt-ridden and needed a federal bailout to avoid going broke. By 2017, it was running an annual surplus of more than $100 million, with $2.4 billion in reserves, or roughly triple the District’s deficit in 1995. Part of the reason behind the reversal in Washington’s fortunes comes from taxes. Few cities levy property, income, and sales taxes together, according to Michael A. Pagano, dean of the College of Urban Planning and Public Affairs at the University of Illinois at Chicago. Washington does. Another part comes courtesy of something else altogether: fines.
https://qz.com/1789851/no-us-city-fines-people-like-washington-dc/
_________________ Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband “The state calls its own violence law, but that of the individual, crime.”-- Max Stirner "Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann |
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