Broadway Shows Eye London, NY Wooing With Tax Credits
Original Report
Catching a Broadway musical is a quintessential experience for many in New York City. But it’s not cheap, not for showgoers nor for show producers, who saw costs go up in the aftermath of the...
Catching a Broadway musical is a quintessential experience for many in New York City. But it’s not cheap, not for showgoers nor for show producers, who saw costs go up in the aftermath of the pandemic. Producers have been considering taking their next big hits somewhere else — to Atlanta, Chicago and even overseas to London, where it can be significantly cheaper to put on a good show. Bloomberg Tax, State Tax Policy Journalist Danielle Muoio Dunn joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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