Michael Hudson Transcript

[Forrest]

Re: Michael Hudson Transcript

more or less same in NH (which might not've bubbled so much, but has dropped quite a bit, from what i've been told...)

and - cue broken record - will say again that NH having NO sales tax and NO income tax, but somewhat higher than avg property taxes = what keep the political class in line (read: doesnt/CANT give away the treasury to buy votes and curry favour with the crony class, since theres NO SLUSH FUND to play with - that 'broadbased' tax mechanisms allow/encourage)...

oh and yeah - its perty tuff to survive there on welfare.

its really quite simple: NH taxes those who own property along with USER FEES to pay for services - admittedly somewhat limited in scope, since in most places one has to take ones own trash to the dump or pay for a private sector service - and while this might seem 'backward' - esp by those who think the .gov handles this type of stuff better - and who typically and continously bitch about how much the schools/teachers DONT get (while still getting better than avg RESULTS) - the buracracy is what takes the hit, in that theres MUCH FEWER GOLDBRICKERS/DEADWEIGHT UNION featherbedders -

and if the residents of the cities/towns want all the shiny new schools/firetrucks/police&cars etc?

well - its simple again - they have to come to their annual town meetings and RAISE THEIR HANDS TO RAISE THEIR OWN PROPERTY TAXES.

wow - what a concept, huh?

just one more reason why going on near 400 years later, NH = STILL the "Live Free or Die" state - and, not merely co-incidently - was THE LAST STATE TO RATIFY the 16th amendment -

and STILL has NO sales tax, NO income tax and NO seatbelt law (for adults over 18)

kinda funny how the simple stuff STILL makes NH the GOLD STANDARD on how the .gov should function.

sez this 'small-r' type

I guess we know who to blame now for having Federal Income Taxes...you guys could have stopped it!

[lektrode]

Re: Michael Hudson Transcript

That is why I consider my self an NH 5th columnist in any state where I happen to reside.

hey now - eye like that one!

I guess we know who to blame now for having Federal Income Taxes...you guys could have stopped it!

heheheheh.... pretty sure Forrest, that you're yankin me here - but... well... dunno about that... before my time, an all.
altho... considering the more traditional flavor of NH politix?

i doubt it.

course had the politix back then been infused by the recent influx of bluestaters from south of the border
and locals who pander to to em (as in: members of the party of the lawyers) - anything is possible.

ayuh - fortunately tho - for The Rest of US (even those of us no longer residents), some of them ole NH yankees aint quite as dumb as some would like to think...

the 'funniest' thing about the 16th amendment was the rates and income levels it started with - what,
1% on incomes above 6000?

then consider the function that it was designed to do - mostly put teeth into the 'federal' reserve act -

which was designed to do, what?

smooth out/flatten the extremes of biz cycles and preserve the value of the currency?

uh huh....

it - kinda like the 'affordable' care act - mustave been presented as being
"for the benefit of the working class"

kinda like what frank-in-dodd 'reform' of the banking laws - along with 7 trillion worth of helicopter bux has done

meanwhile we're still waiting on the now mythical 'pivot to jobs'

[sunpearl71]

Re: Michael Hudson Transcript

What are they thinking?
---------------
Average small London flat ‘to cost more than £36million by 2050′
Londoners will reportedly have to pay more than £36million for a small flat in the central part of the city by 2050.
At the moment properties in key central locations cost an average of £1.5m but this is expected to rise significantly in the next 36 years, according to property investor London Central Portfolio.
‘The average price has been growing at 9% a year, which we think is firmly sustainable,’ said the company’s investment director Hugh Best.
‘They have been growing at that level for 40 years and we see no reason for that to change.’
LCP now plans to buy up several properties in areas around London, including Hyde Park and Notting Hill, according to the Guardian.
It hopes it can capitalise on future growth in prices.
But some experts have warned property prices could be unsustainable and the market may eventually collapse.
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http://metro.co.uk/2014/03/04/averag...-2050-4411489/

[charliebrown]

Re: Michael Hudson Transcript

Not quite true my friend.

In Illinois we have a crushing 2.5% property tax, 8% sales tax, 5% income tax. The pols are running all over us. Every year more nanny state laws, red light cameras, speed cameras. higher use fees etc. It should be noted that the 2.5% does not go to the state. All the the county/municipal/schools. If I did not have
family and a job here I would leave.

[ProdigyofZen]

Re: Michael Hudson Transcript

What are they thinking?
---------------
Average small London flat ‘to cost more than £36million by 2050′
Londoners will reportedly have to pay more than £36million for a small flat in the central part of the city by 2050.