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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.87

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Nov 11 4:00 PM EST

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To: TobagoJack who wrote (5005)	3/25/2006 5:11:20 AM
From: Crabbe	Read Replies (1) of 217699

You seem to forget one very simple fact. The tax can only be raised at a rate of 2% whether that base is yesterday, or 1975. Even a raise in the valuation of your residence by normal inflation will soon lead to your home being "under taxed". As California has had recent home appreciations of 10, 20, 50 percent per year you will need to wait a long long time before a plurality of home owners will be ready to give up the financial advantage. Taxes are seldom invited, usually they are imposed. The exception might be San Francisco, Portland, and Seattle, all inhabited by leftist idiots. I don't think that LA and San Diego will vote like San Francisco. r

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