What Will the Results Be?

The administration of liberal RINO New York City Mayor Michael Bloomberg has plans to raise property tax rates by either 10% or 25%. Their goal is to squeeze a few billion dollars more per year out of property owners. Doing something that politicians never do, I wonder about the long term consequences of this action. What do you think this will do for property values, as people sell off their real estate and move their investments elsewhere?

Property values only stay high or increase if there are willing buyers. On a purely economic scale, raising the taxes on a business or commercial property decreases its capitalized value right off the bat. The cycle will then continue as the lower market values cause reduced assessed valuations, causing lesser tax assessments, and so on. Of course, this is too much forward thinking for the likes of politicians intent on the short-term feeding of their pet bureaucratic projects.

KMK

Quick Payback

If Proposition 51 passes next month in the PRC, its backers are looking to reap about a billion dollars a year in goodies from the taxpayers.

KMK

Auditors Say U.S. Agencies Lose Track of Billions

Is Arkansas really one of the safest places in the world right now?

Dispelling Economic Myths

Double Edged Sword

As always, whenever interest rates are low, they have opposite effects on different groups of people. It’s great for borrowers, but not so good for people who receive annual cost of living adjustments, such as Social Security recipients. Let the whining commence.

KMK

One of our socialist rulers advocating tax cuts?

Social Insecurity

As these articles mention, the DemonRats are pulling out all stops to exploit the deadly third rail of politics by spreading their standard lies that the GOP wants to destroy Social Security and kill all old people.

Social Security Hypocrisy

Social Security an election hot potato

Misinformation Scheme

Being located near the border of several states, we are subjected to more political commercials than just our own state’s. The Senate races are following the DemonRat playbook with the constant lies about Social Security. Jean Carnahan’s team even has a website slamming Jim Talent on this issue.

KMK