Monday, November 14, 2011

The more they raise taxes, the more the productive will flee

We predicted more decline in property values, more decline in the bottom line when DeKalb County, Georgia chose to raise tax rates by 26 percent earlier this year.

The AJC reports on the outcome that's shaping up in line with our expectation.

When your county is in a deep depression, bleeding the life out of the people who remain will not return prosperity. As we see in DeKalb, it won't even get you to the next year.

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