09/21/2012 - SOMETIMES being a genius is nothing more than screwing up and making it look like that's what you intended all along.
In which case, Philadelphia is a total genius for not having fixed its broken property-tax system over the past few decades. The result, according to a new report by the Pew Research Initiative, is that the city is now much more competitive on local tax burdens with surrounding municipalities.
In fact, according to the study, the tax gap between the city and the suburbs has diminished to the point of nearly disappearing.
The significance of this news can't be underestimated, since the narrative of "our high city taxes drive out businesses and residents and kill our growth" is as much of who we are as hoagies and pretzels.
Read the full editorial, Suddenly, city's screwed-up tax system's looking good, on the Philly.com website.