Tag: property taxes
Will Pillage People Triumph Over Working People?
California’s Proposition 15, the “Tax on Commercial and Industrial Properties for Educational and Local Government Funding Initiative,” has lost 51.9 percent to 48.1 percent. This measure would have taxed commercial and industrial property on their market value rather than purchase price. Residential properties would have still been taxed based on purchase price, with annual...
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Chicago’s Road to Dystopia Is Paved with Public-Pension Promises
Have you ever wondered what it would really be like to live in a post-apocalyptic dystopia?
In Sacramento County, Bureaucrats “Correct” Their Error with Property Tax Clawback
The county ought to eat the mistake and keep their hands out of taxpayers’ pockets.
Time for Bond Investors, Especially in Chicago, To “Know What You Own”
Four U.S. cities went belly up recently, and all declared bankruptcy largely due to unaffordable government pension costs. The outcomes of these bankruptcies should make everyone think twice about lending money to cities with serious public pension debts. The graphic below shows the outcome of the municipal bankruptcies in Vallejo, Detroit, Stockton, and San...
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