Comments by "basspig" (@basspig) on "Economics Explained" channel.

  1. 1980s is when my property taxes increased to the point where I had trouble paying them. They went from 92 to 5770. Now they are 11300.
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  2. But taxes were exponentially lower back then. In 1966 my taxes were covered by 1 week of wages. Today they exceed my annual ss income.
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  3. This problem goes back to well before the boomers. It goes back to the creation of the Federal Reserve in 1913 which was the biggest Ponzi scheme set up by International bankers with a Express intent to transfer the wealth from the working class to themselves through monetary debasement over many years. They have been dramatically successful having transferred over 99% of the value of the dollar into worthless paper while they profit.
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  4. We never had capitalism in the us.
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  5. Not when property tax exists.
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  6. I don't mind income taxes because they're tied to income. But evil are the property taxes that are due even when you. don't have an income
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  7. Not free. We're paying for it with inflation.
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  8. However, the us government is eliminating large denomination bills. Hyperinflation is gonna suck with 20 dollar bills.
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  9.  TJ Thunder  Yes, so we are hearing. I wonder how politicians will pay for hookers and blow?
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  10. Look up Karl Denninger Market Ticker.
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  11. Theory.. warm country provides basic necessities with minimal effort for the natives. Cold countries weather killed off the lazy. Only the industrious survived.
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  12. An O shaped recovery.... because the economy is cyclical.
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  13.  @WellBattle6  They were not "low" but they were reasonable for 1966. A small town in the northeast US. At the time there was no infrastructure, only a state road and farms. 55 years later, my tax bill is about $11K and revaluation is under way, so it is likely to go up by a lot (in which case, I'll be filing an appeal to the assessment board of appeals.)
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  14.  @lordrisay  The exact opposite happened here. As housing density went up, taxes went up even faster. New Yorkers fleeing the high taxes they voted in, then wanted the same amenities here, and so our taxes went up. In 1997, they built a new high school. Budgeted at $42 million. Actual cost rolled out to $120 million with delays and cost overruns. Everywhere you go, where the population density is higher, the taxes are higher.
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