Trends point to imminent major recessionary effects
The economic collapse will begin with the demise of the US dollar.
Deceptive inflation statistics already ignore food and fuel. Two of the largest household expenses which are going up faster than most weekly budget items.
A revolt will begin at the grass roots level over property taxes and school taxes, which are based on property taxes regardless of whether the homeowner has school-age children.
These taxes are predicted to continue rising yet the real value of houses will decrease with the collapse of the "sub-prime" mortgage market.
A sign of the collapse's imminence will be the demise of a large bank or corporation.
Friday, January 04, 2008
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I couldn't agree more. In fact the Tax Revolt
http://www.ArizonaTaxRevolt.ORG
is already proposing to revamp Arizona's property taxation system.
Another group the National Tax Revolt is organizing now with other tax fighters in several states to ask the property owners to be late with their next property tax payment. With enough participants in Arizona the goal is to squeeze the legislature to refer the Arizona Tax Revolt proposals to the ballot and of course forgive the 1.33% per month interest charge for the late payments.
Marc Goldstone, Chair.
Arizona Tax Revolt
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