I have warned that all the talk behind the curtain I was hearing when the Democrats won the House was that as soon as they go in, they would be looking at raising taxes to where they use to be back before Reagan. Well it did not take long. The new Congresswoman from New York […]
Taxes have begun to cross the point of no return in New York City. New York City is losing its middle class faster than at any time since the Great Depression. While the rich get richer from investments and the poor get richer from increased social benefits, the loser is always the middle class. The […]
According to GOBankingRates, to afford a house now in California it requires $89,280 annual salary. This is the highest in the nation and is a warning that taxes are pushing the limit in California to the point that homes will enter a very sharp decline as people keep trying to leave. This chart is interactive and […]
I have been warning that raising taxes is DEFLATIONARY because you are reducing the net disposable income. Governments simply cannot get that through their head. In Romania where protests over political corruption have been unfolding, the government revealed its plan to try to comply with EU austerity raising they hope 10 billion lei ($2.5 billion US) […]
It really is very astonishing how brain-dead politicians are. The latest stats are showing that residents are increasingly fleeing New York, Los Angeles, and Chicago. The perpetually rising taxes are just getting insane. We just received this notice ourselves about taxes due in California. Apparently, they must have subpoenaed Amazon to see who has merchandise they are storing […]
Once upon a time, they use to write songs about California Dreaming. It is now turned 180 degrees to the main dreaming in California is how to get out of the same. You just cannot keep raising taxes endlessly reducing the standard of living of the people and survive indefinitely. It is official. The net migration leaving […]
The governmental system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides eliminating employees, they are now looking at adding a tax of $50-$300 to per resident try to cover […]
What is really amazing is how governments just fail to comprehend that revolution is instigated by corruption and taxes. Nevertheless, they just can’t help themselves. They have to keep taking cookies from the jar until it is empty and then act surprised when the people suddenly rise up. France tops the list of the highest taxed […]
California is proposing now to tax every text message you do on your phone. I have constantly warned after dealing with governments first hand for over 30 years, they NEVER see the problem as being them – it is always we the people. Their fiscal mismanagement is beyond repair and we should not expect anything […]
COMMENT: My sister lives in Chicago. She is looking to leave finally. She told me there is a 9% tax on any amusement like Netflix or PlayStation for her son. You are right. They keep finding things to tax rather than address the problem. This cannot be maintained forever. OT REPLY: This is what happens. […]
