4 ms·
> I'm never going to own a house here if I keep getting taxed 50% and more The idea is that you wouldn't be the only one paying more. Real estate prices would
by exelius 11y ago
> I'm never going to own a house here if I keep getting taxed 50% and more
The idea is that you wouldn't be the only one paying more. Real estate prices would need to come down as well, so everyone else buying a house would feel a similar crunch.
What it really comes down to is that the US has collected a lot of infrastructure debt over 30 years of budget austerity dating back to Reagan. Roads and bridges are crumbling, water systems are poisoning people, our education system is a joke, and there are a lot of people without access to health care.
These are all federal programs that have been cut over the last 30 years because we have been determined to make sure the US has the lowest tax rates in the industrialized world. As a result, it's one of the most run-down and least safe places in the industrialized world, and that trend isn't going to stop until we pick back up the investment in infrastructure. We leveraged our long-term prosperity for short-term growth, and it's about time to pay the piper.