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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (17418)	2/8/2009 9:42:21 PM
From: benwood	1 Recommendation Respond to of 71455

yes, zebra, property tax is the big gotcha. I've felt for some time that cities will crush their citizens eventually by having built a gigantic and unsustainable infrastructure. Here in Seattle, they want to pour perhaps 8-10 billion dollars into digging a tunnel to replace a raised (and old) freeway which carries about 20-25% of the N/S traffic through the city. When our economy needs to get away from being addicted to the 1-person-per-use auto, these dinosaurs will demand such a high percentage of levies against city residents that a new infrastructure will be unable to be built, or it will be built anyway but the taxes on the maintenance of the old ways will drive people out of the cities. This already has been happening, btw. In my parents old town, water levies had gone up 250% in just four years. As more residents like themselves move away, the rates will continue to skyrocket to support the county jobs that parasitically bleed homeowners.