MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘pension crisis’

Illinois to Impose 1% Property Tax on Top of Everything Annually for 30 Years | Armstrong Economics

Posted by M. C. Fox on May 15, 2018

Who would take Illinois?

Property values are already collapsing in Illinois.  The Pension Crisis is worldwide, but Illinois is leading the charge. The words of Edward Gibbon from his Decline & Fall of the Roman Empire are very applicable to Chicago. This is how empires, nations, and city-states die. It is always the abuse of taxation that drives people from their homes. Illinois is the NUMBER ONE state that now has a NET loss of citizens and people are fleeing that state. Bureaucrats cannot see the trend any more than they can see their own nose.

https://www.armstrongeconomics.com/world-news/taxes/illinois-to-impose-1-property-tax-on-top-of-everything-annually-for-30-years/

In Illinois is a State that should just commit suicide and be emerged into surrounding states. It is following the EXACT pattern as the fall of the city of Rome itself. Constantine the Great moved the Roman capital from Rome to Constantinople around 330AD. Rome lost its status as corruption and taxes rose. More and more people just walked away from their property for there was NO BID. Read the rest of this entry »

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The world’s first pension crisis – Sovereign Man

Posted by M. C. Fox on March 31, 2017

https://www.sovereignman.com/international-diversification-strategies/the-worlds-first-pension-crisis-21239/

The problem for Social Security is that robots don’t pay tax. So the program will lose a LOT of tax revenue as a result.
Yeah but will they get an earned income credit? Don’t laugh. This is big government we are talking about. Maxine Waters and Diane Feinstein could get it passed.

The theory is workers displaced by robots will retrain and new workers will have the training.

We will see. There will be few low skill jobs and the economy can absorb only so many popular careers such as nursing. Challenging times ahead.

The government says the economy is great. To paraphrase Reagan – do not trust, verify. 

Be seeing you


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