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Keep in mind that HR. 25 is for the Federal FairTax. Each state would have to implement their own State FairTax and that would need to address property tax.

But you’re in the right area of the debate issue, that is how to manage competing forms of local taxation? Business versus property etc. Tell me what you think of my local tax bond idea in post #19. Thanks!

"Tell me what you think of my local tax bond idea in post #19. Thanks!"

Ah...you're interest here is unusually analytical. Sorry about the rhetoric and hyperbole. Philosophically and generally, I think bonds are a great way to go.

Yields should be going up for newer Treasury bond investors, but we might be seeing the rare chance of risk for such bonds (reason for demands for higher yields). Some advisors have even recently spoken of a possibility of collapse in the future. If you know much more than I do about bonds and see returns with low enough risk, do it. Otherwise, you might seek more well informed advice or devote some study to Treasury bonds, as local accounts would be dependent on them. ...wish that I could be of more help than that.

If you're concerned about keeping a local government going during unusually poor conditions, some very unique backup plans might also be good for possible rare economic occurrences. Elected officials and employees won't accept the notion of reductions very well, so some discretion would be in order for planning worst case scenarios. I've wondered about how we might retain the most essential services (commissioners, judicial officers, roads, municipal equivalents) and will put a little thought into that off and on. Most people tend to avoid thought about conditions requiring changing mindsets in leadership (e.g., pay reductions, working with volunteers, and the like).

Yes, that's downbeat, but someone should do it. And yes, planning for unexpected times of plenty should also be made. Military commanders maintain plans for varieties of scenarios, and they also do much civil work (from politics to roads).

I don't know whether any of that was of any help, but I tried.

It could be that indirect investments in Treasury bonds are a good way to go, BTW, for a term. I don’t know. At least some of the negative predictions about them came from skittishness after the Greece debacle—that, along with debt and deficit to GDP ratios for the UK and our country. It’s more difficult for economists and financial advisors to make good predictions during or immediately an economic decline because of radical fluctuations that occur around such declines. History isn’t even really of as much help as would be hoped, because the current situation includes unprecedented volumes and dependencies of commodities and other products in international trade.

[I’m not an economic or financial advisor. This is only a discussion of public policy.]