"You cannot tax fast enough to pay for all the promises you've made, and the more you tax the productive class the more it leaves the city," says Reason senior policy analyst Shikha Dalmia on Detroit.
Dalmia discussed on Fox Business how the a Michigan bailout of Detroit only delays the inevitable. She suggests the city council rewrite contracts with union employees in order to lower its finical burden and deflate its ballooning deficit.
About 4.30 minutes
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