The Traderszone Network

Published in TZ Latest News 10 July, 2014 by The TZ Newswire Staff

Should the Detroit city government spend $185 million/year on art?

Let´s apply the “Piketty 5% rule” to the City of Detroit.  More specifically, their art wealth:

DETROIT — A city-commissioned report on Detroit’s fine-art collection released Wednesday pegs its entire value between $2.8 billion and $4.6 billion, a sharp increase over a previous estimate that could create a headache for the city in bankruptcy court.

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