RE: The Construction Industry Changing Before Our Eyes
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Now that housing costs will go down, I wonder how the government is going to change property taxes to ensure they get their cut. The government gets a part of every transaction and I doubt they are willing to give up the extra money they got for the construction industry. I feel it will be a huge property tax to make up for the difference. All they know is to increases taxes so they can get more from the poor.
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Good point.
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The hunt for taxes is certainly on. We are going to see this across the world. Politicians will not embrace austerity. Instead they will keep sucking more out of the economy until they face the point of collapse.
Confidence in government is waning. That is going to cause problems over the next 3 years.
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With automation happening, I wonder how the government will handle taxes. I can't see how this model is sustainable long-term and at this rate, they might have to resort to UBI. However UBI is also unsustainable long-term. It may work for a while but people will have all the time in the world to look up information and see how messed up the system is.
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@jfang003 yeah taxes and government is like bread and butter,they do go get attached together...the government of course do not joke with taxes especially with property taxes....they of course will find a way to milk people to pay those taxes,just like you said,sadly the poor ones might feel the heat too...