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michael kors large black selma silver But all, he says, for the greater good. But the tax revenue at low suburban densities isn’t nearly enough to pay the bills; in Marohn’s estimation, property taxes at suburban densities bring in anywhere from 4 cents to 65 cents for every dollar of liability.”Marohn and his friends are not the only ones warning about the fix we’ve put ourselves in.,michael kors hamilton saffiano leather east west satchel The amount of tax revenue their low-density setup generates, he says, doesn’t come close to paying for the cost of maintaining the vast and costly infrastructure systems, so the only way to keep the machine going is to keep adding and growing. The only way to survive is to keep growing or take on more debt, or both. On top of the issues of low-density tax collection, sprawling development is more expensive to build.michael kors rain boots size 8

michael kors men leather watches S.Marohn points out that while this has been an issue as long as there have been suburbs, the problem has become more acute with each additional “life cycle” of suburban infrastructure (the point at which the systems need to be replaced—funded by debt, more growth, or both).”Marohn primarily takes issue with the financial structure of the suburbs.,michael kors wallet london The short-term cost to the city or town, therefore, is very low: it gets a cash infusion from whichever entity fronted the costs, and the city gets to keep all the revenue from promichael michael kors large hamilton saffiano tote saleperty taxes. The only way to survive is to keep growing or take on more debt, or both. The “suburban experiment,” as he calls it, has been a fiscal failure.locations for michael kors outlets

michael kors jet set ladies watch mk5165 michael kors Likening the municipalities’ finances and spending patterns to those of the banks leading up to the finmichael michael kors large hamilton saffiano tote saleancial crisis of 2008, Whitney explained how spending has far outpaced revenues—some states had spent two or three times their tax receipts on everything from infrastructure to teacher salaries to libraries—all financed by borrowing from future dollars. The “suburban experiment,” as he calls it, has been a fiscal failure. In 2010 the financial analyst Meredith Whitney wrote a now-famous report called The Tragedy of the Commons, whose title was taken from the economic principle that individuals will act on their own self-interest and deplete a shared resource for their own benefit, even if that goes against the long-term common good.,michael kors crossbody vanilla “The public yield from the suburban development pattern is ridiculously low,” he says. Most U.Marohn, too, claims we’ve tilled our land in inefficient ways we can’t afford (Whitney is one of Marohn’s personal heroes).michael kors hayley tall boots size 75

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