Thursday, September 19, 2013

Black-run Detroit lost 61% of its residents between 1950 and 2010, and the total value of its property fell from a peak of $45 billion to $9.6 billion in 2012

Today, black-run Detroit has more pensioners than employees, and a debt that is more than twice what it had in 1960. It spends considerably more on police and fire retirees than active workers. And despite the fact that the city has the highest income and property taxes in Michigan — by a wide margin — the state’s inflation-adjusted revenue is lower than it was in 1960.

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