stumpak wrote:First, I am not a fan of the stadium plan, like any other reasonable person I would rather see the money go to lower taxes or better services for me. However, I believe that stadium financing is coming alrgely from an "entertainment tax", which will be picked up in part by non-DC consumers of said entertainment, both people from the burbs and tourist. As such this is not a direct levy on the population writ large. But fully buy into that ecnomic report, especially if it is produced by CATO!
Finally, I found some per capita income data. DC's percapita income on 1999 was $40,000 vs. a $41,000 national average, and I daresay that this gap has probably been closed over the past five years, so the District is just about spot-on average. It's interesting that 150,000 people in NW DC in their $700,000 condos and 500,000 people living in the crappiness that is the rest of the city equates to the US average.
Thats interesting. How will this entertainment tax be levied (by increasing the sales tax, income tax, or land tax)? If what you are saying is true, that the wealthy nonresidents will pick up the majority of the public tab, than I'm all for it, but Im skeptical about the details - people have a way of distroting the truth.
I would actually really like to see that study on DCs per capita income - specifically the constraints of the study (who qualifies as a DC resident). Yeah, Im a geek like that.
Also - that study from 1999 was measured at the hight of the economic bubble before our economy suffered through the worst 3 years since the Great Depression, so its safe to assume that both the regional avg and national avg have declined since then.