Cities around the globe do carry debt, but unlike in the United States, municipalities can’t go broke in Germany.... and the funding of public infrastructure is wildly different. The first 500 people to use my link https://skl.sh/blackforestfamily12241 will get a 1 month free trial of Skillshare premium! Chapters: 00:00 Intro 02:04 Drowning in Debt 06:12 Why U.S. Cities arebDrowning in Debt 10:03 Graphics for this Video 11:47 Germany Municipal Funding 16:45 City vs. City 19:47 The Big Picture Want to Learn More? Check out: This Video on Municipal Debt and Infrastructure from NotJustBikes: "How Bankrupt American Cities Stay Alive - Debt [ST04]" https://www.youtube.com/watch?v=XfQUOHlAocY This awesome report on Municipal Debt and Budgeting from @strongtowns "Why Cities are Flying Blind When It Comes to Their Own Debt" https://www.strongtowns.org/journal/2023/7/3/how-oklahoma-city-sneaks-in-a-property-tax-and-the-distortions-that-creates Episode No. 163 📷 Follow me on Instagram: https://www.instagram.com/typeashton/ 🤳🏻 TikTok: https://www.tiktok.com/@typeashton 🖥 Website: https://www.blackforestfamily.com 📧 E-mail: typeashton@gmail.com S𝗨𝗣𝗣𝗢𝗥𝗧 𝗠𝗘 👑 Patreon: https://www.patreon.com/TypeAshton
I thought Americans and American economists were geniuses of privatisation and austerity (looking at their lacking public services) but it turns out German cities run more balanced budgets than their American counterparts. youtu.be/w-2XqR6YHnU
This is a great video that set's out IMO the real reason for most of the USA's problems, and why they are only going to get far worse under Trump. We here in Britain should be more German. youtube.com/watch?v=w-2X...
Keep adding "white flight" suburban fungus, which is completely underfunded. And then watch they throw a tantrum utilities are unsustainable and property taxes have to go UP, so they flee (again!) and leave behind an even more unsustainable neighborhood. www.youtube.com/watch?v=w-2X...
#money
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