Posted on 12/23/2010 7:53:15 PM PST by reader25
Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees. In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York, Saratoga Springs will collect 4.4% more in property taxes in 2011; Troy will increase taxes by 1.9%.
(Excerpt) Read more at online.wsj.com ...
90% of workers comp is fake or exaggerated.
That is an ominous economic indicator.
Illinois lawmakers approved legislation requiring newly hired police and firefighters to retire at age 55 instead of 50 to receive full benefits
Wow, 55! And WE get to work until we’re 70 to support them.
Wake me when the firefighters and police have to pay for their own retirement, like the rest of us.
It is going to get really, really ugly out there.
This is my primary hesitation against investing in real estate at present. It just seems like placing yourself in a position of being a target of opportunity over the next few years.
That’s what’s really wonderful about socialism, you can always steal more money from the productive.
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