21.4.03
PEOPLE RESPOND TO INCENTIVES. Donald Luskin, author of The Conspiracy to Keep You Poor and Stupid, discovers a New York Times article that poses the question, "[Is New York City at] "a tipping point at which taxes become so onerous that the individuals and businesses who pay the government's bills leave?" What goes around and all that ... New York City has to rediscover this every thirty years or so.
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