Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

[5mn_Major]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

It's a de facto tax increase on the middle class. It'll play about as well as Fiddler on the Roof at a KKK rally.

But it would not be a tax increase for the poor...and wouldn't hurt them. They don't own. Having said that, if this results in a tax cut for the rich...then the middle class takes it and the poor is unaffected.

[mookie1995]

But it would not be a tax increase for the poor...and wouldn't hurt them. They don't own. Having said that, if this results in a tax cut for the rich...then the middle class takes it and the poor is unaffected.

If one owns a house they are super rich

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

But it would not be a tax increase for the poor...and wouldn't hurt them. They don't own. Having said that, if this results in a tax cut for the rich...then the middle class takes it and the poor is unaffected.

The Poors are affected whenever the rich dine and dash on their taxes because the first and deepest cuts when there are revenue shortfalls is programs for the Poors because (1) we treat the Poors like sh-t and (2) they don't vote so f-ck em.

[5mn_Major]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

If one owns a house they are super rich

Not necessarily. Per the census, the poor own at about half the rate of the rest of society. A mortgage deduction helps them much less.

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

But it would not be a tax increase for the poor...and wouldn't hurt them. They don't own. Having said that, if this results in a tax cut for the rich...then the middle class takes it and the poor is unaffected.

Global elite are trying to make it so no one owns, but rather rents. Why, in Austin, would single family homes be torn down for duplexes, complexes, and high-rises?

[joecct]

Rates to rise because local budgets still need to be paid.

There are locations that have laws on the books that limit the % that property taxes can increase over the previous year. Some jurisdictions require a hyper or super majority to pass a larger increase.

The consequences are usually felt in the next election.

Not all tax increases are bad. They have to be for the right purposes and timed correctly as to not occur during a recession. And if I hear one more "but it's for the children," I'm throwing that arsehole out of office ASAP.

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

If rates are continuously rising, perhaps there's a change happening elsewhere that is filtering its way accordingly?

[St. Clown]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

But it would not be a tax increase for the poor...and wouldn't hurt them. They don't own. Having said that, if this results in a tax cut for the rich...then the middle class takes it and the poor is unaffected.

When you make it harder to purchase a home for the middle class, the middle class starts looking for other options. Either they move to cheaper, smaller homes, or they start renting. They start to encroach upon what had previously been the domain of those poorer than the middle class. Adversely impacting the middle class will dislocate the poorer people from their current homes by driving up those prices, even if only marginally, to a price the poor can't afford going forward. These things do not happen in a vacuum.

[FlagDUDE08]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

When you make it harder to purchase a home for the middle class, the middle class starts looking for other options. Either they move to cheaper, smaller homes, or they start renting. They start to encroach upon what had previously been the domain of those poorer than the middle class. Adversely impacting the middle class will dislocate the poorer people from their current homes by driving up those prices, even if only marginally, to a price the poor can't afford going forward. These things do not happen in a vacuum.

And then what, the poor demand Section 8, and then renters don't want to rent out to a person that isn't section 8 because they don't get the huge kickback from the government?

[ScoobyDoo]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

When you make it harder to purchase a home for the middle class, the middle class starts looking for other options. Either they move to cheaper, smaller homes, or they start renting. They start to encroach upon what had previously been the domain of those poorer than the middle class. Adversely impacting the middle class will dislocate the poorer people from their current homes by driving up those prices, even if only marginally, to a price the poor can't afford going forward. These things do not happen in a vacuum.

^^^^^^^^^^

Correct. This is documented in "The Two Income Trap" by Elizabeth Warren. Also points out how housing prices are driven up by the middle classes search for good schools.

[mookie1995]

^^^^^^^^^^

Correct. This is documented in "The Two Income Trap" by Elizabeth Warren. Also points out how housing prices are driven up by the middle classes search for good schools.

Too bad someone like that don’t get themself in a position to do something about it......

[Kepler]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Too bad someone like that don’t get themself in a position to do something about it......

She knew this was not going to be a nomination battle she wanted. She was right to stay out of it -- the smearing of liberal economics that would have gone on would have set us back decades.

2020 will be an honest nomination battle and she can either get into it or, better, ordain a successor and support her.

[unofan]

And if I hear one more "but it's for the children," I'm throwing that arsehole out of office ASAP.

...sayeth the single issue abortion voter without a hint of irony.

[ScoobyDoo]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

2020 will be an honest nomination battle

So was 2004. And 1988. Honest or not is irrelevant.

[FadeToBlack&Gold]

Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Global elite are trying to make it so no one owns, but rather rents. Why, in Austin, would single family homes be torn down for duplexes, complexes, and high-rises?

"Ownership" is all a construct anyway. Most people are still knee-deep in their mortgages, so whatever bank they got the loan from are the actual owners of the property.