🚀 go-pugleaf

In article <linleyCst7z0.FME@netcom.com>
linley@netcom.com (Bruce James Robert Linley) writes:
 
>
>In ye olden post J056600@LMSC5.IS.LMSC.LOCKHEED.COM (Tim Irvin) spake...
>>example:  my parents and me in 1992:
>>
>>                                   ME                     MOM AND DAD
>>
>>Square feet of home owned         740                       ~1600
>>Type of home                     condo                     detached
>>Bedrooms/bathrooms                1/1                        4/2
>>Market value, 1992             $110,000                    $240,000
>>Household income, 1992 (est.)   $40,000                     $75,000
>>Monthly mortgage, 1992 (est.)     $750                        $150
>>
>>Annual property tax, 1992        $1,200                       $600 (est)
>>
>>If that sounds fair to you, I'd shudder to find out what you consider to be
>>*unfair*.
>
>What was the purchase price of each?
>
 
Why does that matter?  The property tax is a *recurring* tax on *property*.
It isn't some point-of-sale tax which is amortized over a number of years.
The people "enjoying" the preferential treatment now never had to suffer
under a two-tiered system in which they were gouged more than their
neighbors.  They never had to deal with crappy schools and services just so
the retired-golf crowd could squeeze every last penny out of the young.  If
ever there was an example of "I've got mine, now screw you," this is it.
 
And what of my earlier comment that you deleted?  You said something about
"investing in themselves" or something like that.  I claim that they have
"invested" $4.5 trillion (on the federal level) of their children's and
grandchildren's money for their own homes, cars, and retirements.  And it will
be the young people--who today deal with no jobs, impossible housing costs and
little hope--who will have to pay the bill for something they only barely
benefitted from.
 
 
Tim Irvin, Programmer/Analyst/Grad Student/Infielder/Gen-X'er
Lockheed Missiles and Space Co., Inc., Sunnyvale, California
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The statements and opinions herein are *mine*, not Lockheed's.
SOFTBALL '94--Games: 9  Team Record: 4-5  Tim's Batting Avg: .536, 1 HR