Kansas City Teaching Moment: Missouri Billionaire Rex Sinquefield Notes In Forbes Column . . . "E-Tax Killed Detroit"
The richest political denizen in all of the Show-Me State weighs-in with this bit of political and economic discourse published in Forbes:
The Earnings Tax Is A Key Factor In Detroit's Taxpayer Exodus, Bankruptcy
The gist of his economic policy polemic:
"The ill-conceived economic policies and real leadership vacuum, locally and at the state level, set the stage for Detroit’s failure, ultimately bringing this iconic American city to its knees. If it can happen in Detroit, we now ask, what other U.S. cities may be facing the same fiscal disaster?"
Don't worry Kansas City . . . This town OVERWHELMINGLY approved the E-tax and we're counting on the toy train streetcar and maybe a Downtown Convention Hotel to really turn things around.
Still . . . TKC Advice: Locals might not want to hold their breath waiting for the economic progress politicos promise.