It’s the point but also the problem and what got the city to where it is today,shifting the tax burden to those who can afford it more,the ratio changes of those who can afford it more which increases the burden to the point to where they bail.
Look at the 100s of thousands fleeing high tax states,instead of looking for ways to lower that burden they are looking at ways to shift it.
Not to go into politics but progressive policies are what hurt the city from the start and now they are doubling down on them.
First the $50m cap now this,it follows the mantra of the rich can afford to offset the transfer of obligations.
In the video a $500 lot in Detroit was compared to a $150,000 lot in a desirable location in the burbs.
Can I buy a lot for $500 in EEV or Mid Town or even downtown,sign me up ,real estate is location location location.
If it was the answer every city in the country would have implemented it already even more so the ones that are bleeding population,there is a reason they have not.
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