Author Topic: DC Commitment To Build Stadium a Success  (Read 1085 times)

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Offline KnorrForYourMoney

  • Posts: 16254
  • pissy DC sports fan
Huge apartment complexes that go for $3000 a month don’t benefit most of the city resident.  The city still has the same problems it did years ago with poverty and crime. I just wanted to post a different view. Not all economists agree it was a boon to the city.

??? What do you think property taxes are?  And all of these new restaurants and hotels are collecting sales/consumption taxes.   And those people renting those $3000 apartments--where do you think they're working (i.e. generating income) and spending money after work?

SensWin is right - just way too one-sided of a look at things.

Also, this:

That was a cute essay in the Stanford High School Economic Review, but puh-leaze.  A 600m bond issue is about two-tenths of freak-all in the big picture. 

:lol: