Making Homeowners Homeless via Property Taxes

(Note: the Video Weekends are currently stalled because of my relocation — in the worst case this blog may pause for some weeks while I lack both time and Internet access)

Have you been mulling over a wealth tax? Are you aware of the wrong kind of wealth tax that has long been in place, not to take back from the thieving rich but to ravage people’s shelter from the elements? Listen to this report video and read my comments below:

$600M Property Tax Overcharge Is Eroding Detroit’s Black Homeownership ~ The Real News Network (Jan 16, 2020)

Comments:

While Detroit hit municipal bankruptcy (as other cities will), it is not the only place where property taxes strangle people who oh-so-facetiously claim to need a roof over their heads. It is really terrible how we American people get gouged and mauled from the top (the rich in cahoots with their political puppets). We try hard to escape some of the rentier gouging by getting to own our homes, but the money lords’ banks often demand about twice the homes’ alleged prices in pay when we take a mortgage (because the interests and compound interests can double the price of the loan the banks make possible with money made by them out of thin air). In addition, the banks play games like stock-market-gambling subprime mortgages and also illegitimate foreclosings on people who did make their mortgage payments on time. And communal governments also ravage us even when we finally DO own our homes. Even then we can get evicted and foreclosed, having our home and entire life’s savings taken away in one big swoop “justified” with property taxes that should not be imposed on people’s homes any more than on the air we breathe.

Imagine toiling all your life to own a home so that when you become too old and sick to pay rent you think you will be safe from having paid off your mortgage and escaped bank foreclosure. But then the local town government forecloses on you because you can’t pay its willy-nilly-rated and even inflated property taxes when you cannot earn an income anymore. Honest property tax should be imposed on luxury property only, such as huge private lands, private jets, fleets of giant luxury yachts, and excessive Wall Street stocks. We should get excessive wealth taxed, not people’s shelters from the elements.

And regard the amazing 18% interest rate a town government imposes on tax payment lag at an age where we working people are lucky if we get a mere 1.2% interests on savings (while paying a cash advance interest rate of 36% to a credit card baron). Holy moly! Maybe we need a new inequality term called “money market inequality”, where the money-gambling banksters and other rich creeps and their political puppets can gouge people at 18% interest rates or 36% (or even a lot more*) while people who have to toil for their living can’t even get 2% on any penny-pinching savings if they manage to scrape away some savings at all in this institutionalized inequality system.

* What’s a lot more? Full payment on payday loans is due on the borrower’s next payday, which typically is around two weeks. Payday lenders usually charge interest of $15-$20 for every $100 borrowed (within those 2 weeks!!!). Calculated on an annual percentage rate basis (APR) – the same as is used for credit cards, mortgages, auto loans, etc. – that APR based on late repays then ranges from 391% to more than 521% for payday loans, making desperate poor working people pay the highest loan interests of all — insanely high rates of having to pay back more than five times what you borrowed in some cases! (one info source: https://www.thebalance.com/average-credit-card-interest-rate-4772408 )

We definitely need a proper wealth tax that recovers the accumulated loot of the rich thieves in human society, not home property taxes that steal even more from common people into the pockets of the super rich. Huge systemic inequality is like cancer in human societies. We should all be opposed to it and get rid of it. If any rich person read this, I ask you to look in the mirror while you mull over it.

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Wakeful Video Weekend 2021-03-14 (13 videos)

Summary: Best videos captured this week to share with you. A lot about bad government and working lives vs current and coming fights to get human joy and dignity back into our lives. (all week lost again fruitlessly looking for a job, hence at least one good video is missing)

Stars & Channels: The Hill, The Gravel Institute, The People’s Party, Richard Wolff (Democracy At Work), The Jimmy Dore Show, Erik Edstrom interviewed in On Contact with Chris Hedges, Jesse Ventura talking with Jason Flom, Russell Brand, Lee Camp, …

Topics:

  1. UBI Experiment with Very Good Results
  2. Great America Made so Ruined by the Evil Corruption
  3. Working Life Abuse vs Unions Able to Change This
  4. “Democrats” Now BOOST Citizen United, Totally Open the Big Money Bribes Flood Gate, and Bar Third Parties
  5. More Slashing of Government Help for the People (Now by the D Party)
  6. Other Countries Do Apply Wealth Tax (to pay for pandemic destruction of working class)
  7. Afghanistan: America’s Longest War
  8. Good February Episode of World according to Jesse
  9. “Philanthropic” Tax Evasion by the Rich
  10. Economic Update on Continued Inequality Making
  11. RW: Capitalism Blocking COVID Vaccines, Workers Cancelled, Scapegoating, Wealth Tax…
  12. Media War: Highly Paid Propagandist on Social Media
  13. Lee Camp: Wealth Redistribution (rant)
Continue reading “Wakeful Video Weekend 2021-03-14 (13 videos)”

Wakeful Video Weekend 2020-05-24 (9 videos)

Meaningful videos from this week. Their main themes: the coronavirus-triggered economic crisis (with abuse from the corrupt ‘elites’) and capitalism, how it hurts, and where to move from that. Also, how Europe has handled COVID-19 far less harmfully.

BTW, if you ever wondered why we, the people, should connect differently than only through corporate social media, look at what happened within a minute of me trying to share a previous Video Weekend on Facebook (I originally suspected an anti-democratic algorithm, but it may have been a troll, either way is bad): Public Censorship by Facebook — Also, I am too busy with continued education currently for sharing these posts on social media. So, subscribers please make use of my posts to save your own time searching for informative alternative media publications and also share the videos you find good, or the whole post, with your friends so that the time I spend sharing them here isn’t totally wasted. 😉

Stars and Channels: Movement for a People’s Party (incl. Nick Brana, Jerry Perez, and more), The Jimmy Dore Show, “Useful Idiots” (Rolling Stone), Richard Wolff, The Zero Hour with RJ Eskow, Yanis Varoufakis, The Rational National, and the Ralph Nader Radio Hour.

Topics:

  1. European Stable COVID-19 Economic Crisis Treatment
  2. Even the Fed Chairman Suggests Relief for the People
  3. People’s Party Update (National Call)
  4. Seriously Biden?
  5. The Need for System Change
  6. Beyond FDR / Capitalism = Anti-Democracy
  7. Getting Capitalism Out of its Box: UB-Dividend
  8. A Hacker Fighting our Oligarchy’s Un-Unemployment Slavery
  9. Capitalist Lords, Wall Street, & Tax Schemes

Continue reading “Wakeful Video Weekend 2020-05-24 (9 videos)”

Wakeful Video Weekend 2020-01-26 (27 videos)

Once again, lots of highly informative videos that take a long time to search out like needles in a haystack. Major issues: declining jobs quality, the faulty mentality enjoyed and preached by the plutocrats (and boosted even still today by demented sociopathic Ayn Rand), overcoming it with thinking and language of change, the need for a wealth tax, and recent political battles (Warren/Biden/Pelosi/Bernie/Tulsi…), good and bad populism, and recommendable strategy for The People to win…

Stars & Channels: Bernie Sanders, Bill Moyers, Richard Wolff (Democracy At Work), Chris Hedges, Jimmy Dore, New Hampshire Public Radio, Redacted Tonight, RJ Eskow, Rolling Stone, Secular Talk, TED, The Hill, The Humanist Report, The Rational National, The Real News Network, Vox, and more…

Topics:

  1. Pointless Work Economy (Declining Job Quality)
  2. News: NAFTA 2.0 – No Significant Difference from 1.0
  3. Todays Weirdness (produced by capitalism)
  4. Wealth Tax
  5. Warren’s Smear of Bernie (+ the Media Malpractice)
  6. Bernie
  7. Economic Update: Capitalism Loves and Enforces Poverty
  8. Candidates (+ data and insights on our country)
  9. Grassroots Populism = Real Populism
  10. Robber Barons Plutocracy & its Disastrous Self-Justification
  11. Ayn Rand’s Antisocial Elitism
  12. Time For Thinking Rather than Impulses
  13. Language of Change
  14. Dennis Kucinich: Bring America Home
  15. Medicare for All
  16. Humor: Another Political Aristocrat (Chelsea Clinton)

Continue reading “Wakeful Video Weekend 2020-01-26 (27 videos)”