Posted on 09/19/2025 6:19:30 AM PDT by delta7
Indeed
Mafia hit hardest
Too many people would rather have “govt” security vs. freedom
This is exactly why Prop 13 in California is under constant attack by the bastards in the statehouse - it prevents them from raising property taxes to fund their lefty policies (such as health care for illegals).
“The 1978 proposition decreased property taxes by assessing values at their 1976 value, limiting the rate of taxation to 1% of the assessed value, and restricting annual increases of assessed value to an inflation factor, not to exceed 2% per year.”
The Democrats need more revenue for state pensions, illegals and to line their own pockets.
That said I would vote for ending property taxes for everyone.
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States rights. Florida is voting on that in next year’s ballot. Their “ fix”? Instate a 12 percent sales tax on everything, except for food….damned if they do, damned if they don’t.
If the EU can be used as an example, be aware it started out as a one percent tax and now exceeds 18 percent in some member nations. The U.S. is in a debt spiral, tax, spend, tax, spend, and will no longer work.
“Chicago’s Pension Funds are Nearly Insolvent – Incoming $28m Bailout”
And? What else would they expect? The joint has been run by no-class, low life, ignorant, greedy, unfit for any normal occupation, soulless, heartless, valueless, communist leaning depmocrat, criminal gangster wannabees for decades. The only thing lower on the human scale than these filthy bastards are the scum that vote for them.
“The average pension fund ideally has a funding level of around 70%”.
No, ideal is 100% or more. It is a long-term obligation and should be managed/invested ... conservatively.
If a private pension plan is under 80% funded, certain restrictions apply to it. If it is under 60% funded, more onerous restrictions apply. One of these is that no additional benefits are earned until it’s over 60%.
I work on a number of small private plans. Over the last 4 years, the lowest funding level is over 80%.
Public pensions funded by taxpayers for bloated, under worked, beauracrats should be illegal.
Fund it yourselves.
“Trump To City - ‘Drop Dead’”
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