quincywagstaff: Does the CPS really think that property owners are going to suddenly receive a hugely increased tax bill and that’s that? As Mish and others have described before, the system in Chicago is one of intentionally exaggerated property tax assessments that can be relieved by going to one of the preferred legal firms to file for an abatement. If a sudden and significant increase in property tax bills was attempted then the number of abatements filed for would explode.
Mox Nix: And that begs the question, ‘Who operates and benefits from running the organization that files the abatements?
Me: It’s all just sh!t/systemic excess costs rolling downhill. Meanwhile the false orthodoxy fight of Austrians and Tea Party types against the Keynesians who want to palliate rather than solve….goes on and on and on. Neither side has the willingness nor the ability to see past their mutual economic dogmas to a third integrative actual solution to our problems.
But in case you hadn’t noticed ideas like basic income guarantees and sovereign control of the money system are beginning to pop up all over the place. Of course these reforms, unconsciously contain an aspect of the concept fully fleshed out in Wisdomics/Gracenomics, but they’re all still half baked because they do not contain the macro-economic tool of a retail discount which as explained in Wisdomics/Gracenomics would enable stable price deflation in a roaring profit making economic system.
All of the leading reforms are half baked. Only Wisdomics/Gracenomics has integrated all of these movements in its policies and gone beyond them in fact.
wisdomicsblog.com
Old Guy: @ Quincy and chdwr
Quincy there is no need to disagree with chdwr. Just ignore him and he will go away as he always does and come back with another name spouting his so-called wisdom. We all know it will not work. social credit he spouts and wisdom is get your money for nothing and everything for free is never going to happen. I could go on and on about it but chdwr get miffed and spouts how stupid we are because we do not accept his paradigm.
Me: Old Guy’s Old Guy, austere puritanistic, cynical, “realistic”, never had a new thought, terminally orthodox and irrelevant advice, non-solution and spewing of unconscious establishment intent.
And by the way, all of the leading reformers are unconsciously coming to the same Social Credit (extended) policy solutions as Wisdomics/Gracenomics. And they’re not quite as afflicted with the mentally and emotionally terminal characteristics you and nearly everyone else here UNCONSCIOUSLY express.
Old Guy: chdwr many items over the years you and I have actually agreed on. Personally if the government wanted to actually help people they would do something like an income tax holiday on those that worked. That does not work for you though as you think we should get something for not even trying to work.
Therein lies our difference. Taxes in my mind do not matter to be honest as fiat currency is created from nothing and backed by force. We are required to pay taxes to keep the scam going on people. QE, lower interest rates enriches those with first access to money and nothing more. Lower home mortgages means nothing to me as you still become a debt slave for an over priced home. Prices are so distorted a 225 sq. ft. home recently sold in Portland for 300k. Quite honestly public officials, real estate, appraisers all should be brought up on charges for selling stuff like this to people. There is a sucker born every minute, but that property did not appraise for that amount. I did an estimate on the construction products and there was may at most 10k in products in the home and that was if I was asked to build it for you.
Theft of people hard earned savings is being stolen right in front of us and nothing happens. Instead people are more concerned with hired Trump protesters and his responses. How stupid can people be these days. I ride debt free and pay cash and do not have one credit card. Not because I am well off but because three decades ago I saw what credit scam was all about. Back when I was young, the interest charged to people today land the loan sharks in the slammer. Now it is legal.
I come from modest means but did without until I could afford it and paid cash. Vehicles today cost more then the home I live in. By the way never had a mortgage on it.
Me: Old Guy,
Pardon my frustrations, your frugality and hard work are and always will be virtues, but if the system itself is cost inflationary by dint of the flawed cost accounting convention that all costs must go into price despite the fact that businesses MUST create a flow of costs that always exceeds the flow of individual incomes….then direct monetary Gifting to the individual is the only way to equilibrate the economy. Money is basically accountancy. Abstract theorists miss this basic fact.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 