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  • How Property Taxes and the 'Curley Effect' Are Killing Baltimore

    08/27/2011 11:46:30 AM PDT · by mathprof · 35 replies
    Wall Street Journal ^ | 8/27/2011 | STEVE H. HANKE AND STEPHEN J.K. WALTERS
    As affluent residents leave town, the political playing field tips further and further in favor of pro-tax Democrats. This coming Labor Day weekend, traffic in downtown Baltimore will move at more than 100 miles per hour—or not at all: The city's main streets will be closed so that IndyCar racers can compete in the inaugural Baltimore Grand Prix. Much more than prize money is at stake. Nine days later, on Sept. 13, voters will pick a mayor, and incumbent Stephanie Rawlings-Blake is betting that the auto race will draw thousands of free-spending tourists and stimulate the local economy, thereby demonstrating...