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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 458.00+1.4%Jan 23 4:00 PM EST
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To: average joe who wrote (93210)8/8/2012 5:59:47 AM
From: elmatador  Read Replies (1) of 219763
 
The municipality as a single entity that generated tax revenues as the babyboomers entered the economy is long gone and is no longer feasible. These tax revenues paid for all service costs. Now firefighters, teachers, trash collectors reached retirement age. They need to pay pensions of the babyboomers retiring and the new employees replacing them.

To lower the costs, the municipality will provide this service through a less costly provider: the private entity.

Babyboomers' affects public services provision and they need to adjust. Public service costs have grown with the babyboomers and the economic growth that they brought along.

The phenomenon babyboomers must be taken into consideration whenever any economic situation in rich countries is to be assessed.

As I tried to explain in a few postings below, babyboomers ensued an era of high economic growth and prosperity. This era being passed, the economies of the rich countries have to adjust to this new era.

Municipality have not yet adjusted because the artificial gush of revenues brought by the real estate bubble.
Now that the bubble deflates, property taxes revenues go down in tandem.

In the case of Canada:
Canada exports to the US much more than they import from it. flickriver.com

Generate huge deficit. US wants to lower this trade deficit seeking its own oil and gas. Canada without the US revenue will have less money (tax revenues) to manage the countries' finance doing equalization of places with less transfer to places that have more.

TO trash collection is iceberg´s tip.
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