JasonC

The Housing Crash May Not Hurt Property Tax Revenues

Clueless ignorant pols in denial.

If you take more of an impoverished people's wealth, all you will do is wreck future recovery. The wealth isn't created by rates or appraisals or votes or laws, but by real economic activity. Which is going away, and tax increases aren't going to bring any of it back. The level of complacent idiocy on display right now is simply appalling.