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. […] View the full post at: Should the Detroit City Government Spend $185 Million/year on Art? Related posts: Detroit Schools on the Brink of Bankruptcy Memo to Congress: Don’t Increase the Government’s Debt Limit! Five More Banks Fail Bringing Year’s Total to 89