The Growth Ponzi Scheme: A Crash Course
Ponzi schemes fail because they are built on illusions: there is no there there. So what happens when an entire continent of towns and cities is caught up in a kind of Growth Ponzi Scheme? We are finding out.
The way we build our cities and towns is fundamentally broken. Strong Towns helps people understand the why and take local action to make their places stronger.
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Ponzi schemes fail because they are built on illusions: there is no there there. So what happens when an entire continent of towns and cities is caught up in a kind of Growth Ponzi Scheme? We are finding out.
Since 1913, Pennsylvania has allowed cities to tax land at a higher rate than buildings. This decision has led to some unique success stories: cities that have weathered post-industrial decline and revitalized their urban cores.