Authored by Isaac Davis via Waking Times,
Just prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge. As people were beginning to realize that yet another central bank engineered ‘bust’ was coming down on us, we were thrown into lockdown, shuttering millions of businesses and sending millions of people to the unemployment line.
Now, a few months later, we are starting to realize just how deep the economic fallout will be, and Americans are scrambling to adjust their lifestyles to a totally new world order. At the top of the food chain, though, is government. City, county, state and federal.
In the midst of such a bizarre and frightful socioeconomic crisis, the tax man is hurting too. Tax revenues at all levels of government have plummeted like never before, and the pain is especially acute for city budgets who’ve seen sales tax revenue nosedive. While the American citizenry is seeing a drastic drop in income, so is Uncle Sam and all of his bureaucratic agencies.
Take a look at some of the numbers.
For states like Texas, Alaska and New Mexico which depend on oil revenue to balance their budgets, the financial hit will be a double whammy.
Alaska is projecting an $815 million decline in revenues in the coming fiscal year, and New Mexico could see a $1.5 to $2 billion drop. [Source]
While Americans clamor to figure out how to make ends meet in their own households, so too is government trying to figure out how to balance budgets, and the reality is that once these emergency accounting measures really begin to sink in, Americans aren’t going to like it one bit.
The question for mayors and governors will be, ‘how much money can we extract from the people without causing extreme poverty and triggering widespread revolt?’
The answer, of course, is taxes. Primarily property taxes, because that’s the one thing people are still paying while locked down at home and unable to shop.
Take note:
- Nashville Mayor John Cooper is openly proposing raising property taxes by 32% in order to correct an estimated $250 million budget shortfall.
“There is no choice but to have a significant increase in property taxes,” he said. “Measured in a percent, it’s going to be on the order of more than 20 percent to be sure.” [Source]
- Dallas, TX is looking at a proposed 8% increase in property taxes, and is having to work a loophole that allows them to ignore state law which would prevent them from raising taxes more than 3.5%. [Source]
- Expecting a $700 million shortfall, Chicago’s Mayor Lightfoot has said that a property tax increase is ‘on the table.’ [Source]
- California is considering a partial reversal of Proposition 13, which would allow government to assess commercial properties differently, creating an increase in property tax revenue without actually increasing the property tax rate. [Source]
- Other initiatives include “Arizona, where taxes would be raised on incomes above $250,000 to boost teacher salaries; Colorado, which is targeting corporations for at least $151 million in taxes to fund out-of-school learning; and North Carolina, which would issue bonds worth $1.9 billion in part to pay for school capital improvements.” [Source]
- New York is pitching the idea of tax increases for wealthier people. [Source]
- New Jersey is expected to see an unknown increase in taxes as the governor moves to borrow billions of dollars to cover budget gaps. [Source]
- CNBC reports that many states across the nation will be looking at tax increases in many areas, including corporate income taxes, online purchases, excise and sales taxes, property taxes, and gross receipts taxes. [Source]
As we move forward in this deepening crisis, we shall see how all of this works out; but for to be sure, Mr. and Mrs. America, even though you didn’t create the fraud in the financial system, and even though you were forced to close down your business, you will now be used as tax cattle to pay for this giant fustercluck.
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I wonder if govts, city, county, state, national ever think of reducing employees and budgets.
Stupid me.
They will when the pitchforks start coming out!
I’ll believe that when I see it….
The city my wife works for laid off all part time employees and instituted one and two day per pay period furloughs for a significant number of full timers. It won’t be enough to cover the shortfall and much tougher choices are immediately ahead, but they’re at least cognizant of the fact.
They’ve been paying them to sit home and do nothing for months while bankrupting the private sector. They’ll try to sell the peasants organs before they cut one precious bureaucrat.
Somehow, even with all the austerity measures being considered, Drag Queen Story Hour will never be cut from any progtard city budget. That along with funding for BLM and Antifa organizations and activities.
Defunding the police is looking quite manageable for such progressive cities and states though, considering the dire tax revenue forecast.
Every library I have heard about doing that is run by a jew.
Defund the local police, let it get bad, have the Feds step in and declare martial law, end game, Federalized policing at the very least, what couldn’t the deep state get away at that point ?
“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?… The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst, the cursed machine would have ground to a halt! If…if…We didn’t love freedom enough. And even more – we had no awareness of the real situation…. We purely and simply deserved everything that happened afterward.”
There should be some kind of limit on how much they can raise property taxes. These politicians seem to think homeowners are their own personal piggy bank.
It is an abuse of the term “taxation without representation”. Yes these scum bags were duly elected, but to use that fact to ass rape us with taxes?
I’m here in Minneapolis – now morphed into a completely Progressive run city – with all the trappings: homeless in the parks, defund the police, riots, arson, violence, you name it, we have it.
Property taxes are a most unusual thing: When you purchase an asset – like a stock – you don’t pay taxes until you sell it – and incur a capital gain. But with property taxes – you are taxed on the estimated value of your home. But there is no capital gain until it’s sold! So the property taxes are completely speculative. Further, it’s your home. It’s a necessity. Property taxes should be about water / sewer / police / fire / roads.
No police for you, Dutch.
I’m fully against all property taxes. It’s apart of the old European feudalist system.
Auntie has absolutely no problem with paying a reasonable rate for property taxes; contingent, of course, on receiving satisfactory services from the government.
Auntie personally receives excellent services – emergency, utility, infrastructure – from the local governmental authorities, and is thankful to local jurisdictions for so managing them and being highly responsive to the citizens.
As Auntie understands it, many Progtard cities and states have politicians and civil servants who do not give a moment of thought, let alone a rotten fuck, about their constituents and will permit violent riots, looting, arson, anarchy and murder all in the name of dieversity – vibrancy – tolerance.
Such elected and selected officials should be strung up for what they have done and have failed to do.
Llpoh is not happy to pay any taxes, especially not ones that effectively give ownership of Llpoh’s property to the govt. Llpoh believes that communities should raise the requisite funds for whatever services are needed.
Llpoh thinks anyone who supports property taxes at all should have their heads examined.
Or removed.
“Auntie personally receives excellent services…”
If so, your situation is not the norm and does not gainsay the inherent immorality and violation of private property rights associated with a permanent and unextinguishable lien, backed by guns, on one’s homestead.
I pay mine for access to clean water and reliable utilities; police, fire and paramedic services; a local hospital; well maintained roads; clean streets safe to walk (try that shit in St Louis, pal), pleasant parks, convention center, hiking trails, libraries, senior centers, recreational facilities etc., run by polite, personable professionals who love their community.
I ain’t lying. Local folks, even politicians and civil service, around my neck of the woods are the best. That is why I choose to live where I do.
Like I said, I am happy to pay my fair share when I receive satisfactory, or in my local case, superior services at a reasonable rate. Simple economic decision.
What happens at the state and local level is nearly as untouchable as it is unconscienable . At this point in the game local communities will rise or be destroyed on the work, cooperation, funding of all the local community.
National and Federal – untouchable and unconscionable.
The use property as a tax base as 1) difficult to sell, 2) someone has to own it, so someone will be taxed. They will get their blood no matter what. Most other types of tax can be avoided – don’t buy it, don’t sell it, don’t work, don’t report the income, etc.
But not property. They know who owns it at any given second, and they can take it away from you and sell it if you do not give your quart every year.
OK; what system works better? Socialism? Communism? Like they have in The Middle Kingdom? Anarchy as in CHAZ/CHOP?
Honest question.
Taxation is not a system.
Capitalism works best. And capitalism will provide if given the chance. There was very little tax until early 1900s in the US. It developed just fine.
Another horrible aspect of the Property tax is for older folks who are retired or can no longer work. Many lose their properties because they can no longer pay, some lose properties that have been in the family for generations. Or they are forced to subdivide and sell off over and over. It is sad to see. I’m for use taxes and/or sales taxes. If you can’t pay it, don’t use it or buy it.
In California there is: Proposition 13 (passed in ’78) limits tax increases to 2%/yr and a property is only reassessed to current market value when it is sold. This has long been a thorn in the side of libtards (mostly) and they’ve tried many schemes to circumvent it. The latest ongoing attempt is to split commercial properties from residential and tax the piss out of them. So far the public has understood that tax increases on commercial properties will be paid directly by themselves but I’m sure Dems will eventually gut it.
All taxation without consent is theft.
Calamity,vote em out via .308(or whatever your personal choice is).
You start.
CO2,would really rather not but feel will soon,feel many others will join.
When the antifa/blm crowd control all the govt. which is a very distinct possibility we really at that point have nothing left to lose and everything to fight for/gain.
Well, with police departments shut down, it would make it easier.
Spending like the drunken sailor on steroids will always cause taxes to rise. You know, things like sending out over $1 Billion of CB money which shouldnt have been needed in the first place with a *political* economic shutdown to fake dead people. And they arent even going after the cheats while we pay for it. Flustercluck for sure and its always on the people that play by rules and live within means. A life of crime with impunity doesnt seem like a bad plan, right?
Let the fed just print up the currency. Why not? Worried about debt levels all of a sudden? Bullshit.
The point of this plandemic was to bleed everyone dry. That’s been the plan from Day 1. The country is bankrupt. The big corporations will get off with claiming bankruptcy. The small businesses will go bankrupt but will be indebted to the big corporations when they are taken over. WE will remain chattel. All boats have not been lifted, instead we’ve all been sunk.
If you hold on to the idea or notion you own something except your health, dignity and higher spirit, you will be disappointed. I am not afraid.
Tip of the iceberg
Get out of the city!
https://www.youtube.com/watch?v=ABbc-O_3_Ac
I plan on seeing you at the next 4th!
I certainly hope so!
AZ already put a tax on everyone’s tags for their car’s license plate. It used to be nice how every year your tags got cheaper. Now the tags are double what they were. All for these poor teachers who work nine months a year and make more than the average person.
Never saw that coming.
Never saw that coming.
Yeah, color me surprised. Color me shocked. In Texas there’s supposed to be a cap of 3.5% on raising property taxes. I am on the lookout for how they plan to work around that one. Since Texas has no state income tax, most revenues come from property taxes, especially for the school districts.
Expect Weimar style inflation going forward, on everything.
In Texas they just keep raising the valuation in massive jumps and say the rate is unchanged. Friends have had their valuations go up 30% or more in a single year.
I foresee a lot of properties being taken by govt. due to folks unable to pay their taxes.
I also foresee a lot of govt. building in towns/cities ect. being burned to the ground and a after soon shortage of tax collectors.
Saw this sheet many moons ago. Against all advice, I moved into a trailer house with a tax bill of $7/yr. The mosquitoes get more blood from me than the state.
Until the people are willing to put it all on the line to stop this…The beat will go on. Sitting here now, watching the collapse of this society, I see no indication that the people are interested in changing, engaging, stopping anything. They clamor for the status quo. Welcome to the USSA that you created with useless voting. Now get the hell off my lawn.
If I own a house outright with no mortgage and i fail to pay my property taxes, I will lose the house no matter how trivial the back tax is in comparison. Therefore, it is fair to say that all homeowners are actually long term renters. This ensures you stay on the hamster wheel for longer while they continue to inflate away the buying power of yours fruits of labor. The whole damn system is rigged, always has been, at least for those of us still breathing. They are working on trying to tax that as well. “He’s polluting the world with carbon dioxide!” -“I’m exhaling…” Then stop breathing!” -“You first…”
One thing about Oz is property taxes are low, but the bastards have realized that in times like this their revenue dries up. So they are now saying we need to raise property taxes, to keep income steady. They never say anything about cutting costs.