tag:blogger.com,1999:blog-8515247115132134144.post2949426633293287002..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Property Taxes vs. WagesStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8515247115132134144.post-64390751243751599732012-09-29T14:38:48.394-07:002012-09-29T14:38:48.394-07:00Troy,
You've inspired another post. Look for ...Troy,<br /><br />You've inspired another post. Look for it soon on a blog near you! ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-36305307843795592972012-09-29T11:22:59.362-07:002012-09-29T11:22:59.362-07:00Rents are a lot higher than 7%, sigh.
24.6% in 19...Rents are a lot higher than 7%, sigh.<br /><br />24.6% in 1980 and 30% now.<br /><br />Housing is the primary rent-tap the 5% has emplaced on the 95%. Half the population pays 30% or more of their income on the rent.<br /><br />The system as-it-is is so immensely corrupted and unjust it's staggering to me.<br /><br />And what's amazing is I lived 15 years in it before this injustice became apparent.<br /><br />I might have mentioned this earlier, but Marshal McLuhan had a saying that "whoever discovered water, it wasn't a fish" -- we are so immersed in land dynamics that we do not even sense them, it's like the hydrological cycle -- money just has to flow by the hundreds and hundreds of billions from the working to the entitled.<br /><br />Only medical care can rival housing for the scale of rent-tap -- and the genius of the mandate (Date with The Man) is that now generally healthy 20 somethings can't even avoid that.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-2761598775739911122012-09-28T19:40:23.036-07:002012-09-28T19:40:23.036-07:00I wonder what Pete the Property Tax Parasite would...I wonder what <a href="http://www.advantax.com/proptax/a-tax-to-grind/property-tax-appeals/2012/04/12/pete-the-property-tax-parasite/" rel="nofollow">Pete the Property Tax Parasite</a> would say about property taxes reaching 7% of wages?<br /><br />The world may never know! ;)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com