Lets Be Honest Here

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Lets Be Honest Here

Lets Be Honest Here

@TurnCalifRed

Katılım Aralık 2011
266 Takip Edilen324 Takipçiler
BoomerGary1958
BoomerGary1958@garyboomer58·
I bought my house in 1972 for $3,600 The government is telling me it’s worth $4.2million and using that to figure my taxes This is highway robbery It’s cutting into my pension AND my stock gains having to pay taxes on this Abolish property taxes for seniors NOW!
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Jessica M
Jessica M@Jesii_ca_M·
@MrNotBrownie Women take care of families, and that's why they become fat, because they don't have time to take care of themselves.
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Jessica M
Jessica M@Jesii_ca_M·
Dear men, we don't like this.
Jessica M tweet media
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First Class Duck
First Class Duck@FirstClassDuck·
@TurnCalifRed @AZinCLE @MatthewSco50098 If you want less national debt, you need either higher taxes, or state governments start taking on more debt. Or people discover that they're responsible for caring for their own parents and paying for private school.
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First Class Duck
First Class Duck@FirstClassDuck·
@TurnCalifRed @AZinCLE @MatthewSco50098 FWIW, there's significant nuance to it, and it's not the same as how the feds run deficit spending. For example, my school board requires a vote to borrow money to do large capital expenditures.
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First Class Duck
First Class Duck@FirstClassDuck·
So once upon a time, state and municipal government defaults were a bit too common, so the solution was to limit borrowing by these entities. In effect, it enforces fiscal discipline, but it makes them even more reliant on the feds for fiscal capacity, and coincidentally, why property taxes are so popular as they're considered far more stable compared to sales taxes. The alternative to this is NYS's public benefit corporations where the state creates various off the books entities that are not subject to these limitations. The best known is the MTA which runs transit within the NYC Metro area, and issues bonds backed by fare, tax, and toll revenue.
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Lets Be Honest Here
Lets Be Honest Here@TurnCalifRed·
@fuckmxri That's weird that you immediately went to that 😳 Your therapist may need to know
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Alex Z
Alex Z@AZinCLE·
@TurnCalifRed @MatthewSco50098 What are you even talking about? Do you not understand the difference between a city government and the federal government?
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Lets Be Honest Here
Lets Be Honest Here@TurnCalifRed·
@AZinCLE @MatthewSco50098 You totally can be fine with it. That isn't the issue... you stated it yourself that they will not spend less 🤣👍🏼 Hey, again, if they won't go into deficit... why do they have debt? 🤷🏼‍♂️
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Alex Z
Alex Z@AZinCLE·
@TurnCalifRed @MatthewSco50098 Again their generation overall has $90 TRILLION in wealth. I'm fine with how my local government is spending. If anyone here isn't, they're welcome to sell their house to someone else.
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Lets Be Honest Here
Lets Be Honest Here@TurnCalifRed·
@AZinCLE @MatthewSco50098 You think retired boomers are rich? 🤔 Of course the government is the issue, you said it yourself... they aren't going to accept less revenues 👍🏼
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Alex Z
Alex Z@AZinCLE·
@TurnCalifRed @MatthewSco50098 No, my issue is with rich Boomers asking for tax breaks at the local level. The national debt is entirely unrelated.
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Alex Z
Alex Z@AZinCLE·
@TurnCalifRed @MatthewSco50098 What about them? Will raising property taxes on people under 60 so we can cut them on people over 60 make homes more affordable for young families?
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CrazyGamerJC
CrazyGamerJC@CrazyGamerJC·
@TurnCalifRed because estimates are just that. That price is a "best guess" based on what has previously sold in their data base
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CrazyGamerJC
CrazyGamerJC@CrazyGamerJC·
So there are things you have to account for like maintenance. Just because you can afford rent doesn't mean you can afford to replace a $15K AC or a $2K water heater. That price doesn't include taxes or HOA dues, utilities, or anything else any homeowner has to pay for
Lets Be Honest Here@TurnCalifRed

@TheChefsGardens @HFiremoon So if they can afford $1,700/month rent, they could certainly afford a $1600/month mortgage 👍🏼

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Lets Be Honest Here
Lets Be Honest Here@TurnCalifRed·
@CrazyGamerJC @TheChefsGardens @TheNoodlerOfBix Fair. Traditional supply and demand trends would agree as well. Anything can change and we can both be wrong... however from a trend line, the odds are in our favor of being right. Even if another depression hit us, ultimately the housing market would continue to thrive
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