'A Ponzi State'
Univ. of South Florida Professor Examines the Economic Crisis in Florida
since the 1950s, Florida has been attracting about a thousand people every single day, 85 million tourists last year. Our entire structure, our tax structure, is built upon growth. And the mantra has always been, “growth will pay for itself.” No one ever really, I think, gave serious attention to the fact—what will happen when a thousand people stop coming? And that’s what I meant by the Ponzi scheme, that yesterday’s homeowners will pay for ... Full Story »
Posted by Dwight Rousu
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