State and Local Governments Will Raise Taxes As Global Economy Contracts
—>NewsLocal property tax freezes are ‘no good’ because local governments have no idea how to live within their means. State and local governments cannot print money, so unless there’s severe reductions in their size and scope, costing thousands of public sector jobs, they will raise taxes to defend their influence as the global economy contracts. This is deflationary and could turn the next…
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Source: http://edegrootinsights.blogspot.com/2017/05/state-and-local-governments-will-raise.html
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