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Non-Tech : Kirk's Market Thoughts

COHR 176.32

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11:02 AM EST

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rogermci®

To: Lee Lichterman III who wrote (9396)	4/22/2020 5:43:41 PM
From: Winfastorlose	1 Recommendation Read Replies (3) of 26786

There is already a massive collapse in State and Municipal revenues. Taxes of all types will be on the table to increase significantly. Here in California, even with oil trading at historic lows, our gasoline prices are still north of $2.50 to $3.00 (depends on the area). How will they pay for road & bridge repairs with much lower gas taxes coming in? And that is just one example of the coming problems. Sales tax revenues which help fund state and local governments have also been wiped out. How will they make up the shortfalls? Income tax revenues will also be way down since they have shut down small businesses everywhere and they account for 70% of the employment in the USA. You just can't shut down everything and not destroy your system. Even if the shut down were some type of remedy, (and I believe it is not), then is the remedy worse than the disease?

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