Econamici blog

Mamdani Needs to Catch the Value Capture Bus

Mamdani is already targeted by big real estate. He has nothing to lose from proposing a tax on properties near bus stops to cover the $800 million cost of free bus fares.

How a Progressive Tax System Made Detroit a Powerhouse (and Could Again)

In 1995, we encountered a group of economic advisors to Governor John Engler of Michigan, intent on cutting property taxes. We reminded them of California’s 1979 Proposition 13. After Prop. 13 rolled back and froze property taxes, sales taxes reached crushing levels, budget crises became routine, local services collapsed, and
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