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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (44096)	12/19/2008 11:56:15 AM
From: Hawkmoon	Respond to of 217709

Yeah.. Frankly, I'd never even heard of this guy before 3 months ago.. So I take what he says with a grain of salt. But there is some implicit and underlying logic to what he's saying. Look at the tax issue in NYC.. Patterson is taxing Ipod downloads for 18%??? Is it really getting that desperate?? Maybe.. Certainly the current budgets for local governments are based upon property values, which constitute a majority of their tax revenues, which were dramatically increasing. Falling home prices mean fewer tax revenues (or a tax rebellion if tax assessments rise 20% to meet the decrease in the average home value). People who are desperate and have nothing to lose might just refuse to pay property taxes, and/or other taxes.. But I think that's unlikely.. Because let's face it.. Obama doesn't want to be a one term president. And for him to get re-elected he's going to have to deliver on some jobs programs. Hawk