Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 178.34

-10.2%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (3050)	5/7/2015 1:32:35 PM
From: Kirk ©	Read Replies (1) of 26767

If you live in the Bay Area or visited recently, you will see how the local governments are handling their massive pension debts. They sell our quality of life to developers who build MASSIVE housing projects for expensive housing for the new, high tech workers they allow into the area.... while at the same time they are in the process of closing down the trailer park in PA so the citizens will either compensate the owners via tax dollars to let the trailers stay where they can easily build $2M condos in a huge highrise... a short bike ride from Stanford and about equal distant from Google and Tesla... 2 miles maybe.... Low rent housing and family business are getting pushed out and the cost to live here is soaring. All the property taxes on the new development will pay the promised pensions. They know it is either do this or cut programs to generate the funds to fund the pension shortfalls. It is gridlock all over the Bay Area.... I was wrong that massive taxes hurt jobs. I need to modify that to high taxes are bad for "working class jobs" such as manufacturing. The super smart who built the internet or are building the new things today will just charge more for our services so we can live wherever we want. The people who came up with software to run Uber or Lyft get rich while the workers all around the World find out how little they are worth if people have the opportunity to look for price competition.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next