I disagree. The editorial board of the St. Louis Post Dispatch and the St. Louis Business Journal’s Darlene Green would have you believe so. http://t.co/LDyEyPZ
Historically and economically speaking the large difference between the standard of living from prosperity, poverty and crime shows the hardships created by the City’s financially burdensome income tax system. People and businesses vote with their feet.
It would be socially irresponsible to allow a failed economic civil entity to continue to be rewarded with the power to impose burdensome taxation upon its dwindling economic base. Bondholders and the City’s credit rating would benefit from a larger more diverse economic tax base that would be created by the removal of the income tax.