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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (19788)	12/29/2004 9:16:06 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

This will be the trend for the next 15 years -- the Fed cut some tax, while the local gov. raise some (otherwise many of them will be forced to close down), and all in all, the rich comes out better off, and the middle class comes out worse off. And after that, the Fed will join in to raise tax too since they will not have as much SS money to borrow as they want.

To: John Vosilla who wrote (19788)	12/29/2004 1:53:48 PM
From: benwood	Read Replies (1) \| Respond to of 116555

I agree with Yiwu that this trend will continue. I think cost of maintaining the infrastructure of the cities will drive people away starting about 10 years from now -- retirees mainly. In Seattle, among a zillion other things, we're paying about $400 per family per year for a monorail for the next 30 years, and it will only serve a small segment. When they expand it, the cost will go up and last for longer. And does anybody really expect it to last 30 years? The cost will actually go up in 30 years, not disappear. On top of that we're paying for two stadiums (a billion dollars) plus they plan to build a very, very expensive replacement to this waterfront freeway (oh, probably 10 billion when they are done). Much more beyond that... My parents pay so little in their small town elsewhere in the state.