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Monday, May 14, 2018

The Con is On


By Anna Von Reitz

I am reposting this article because I want to shock people into full wake-up mode.   File your Human Trafficking complaints and reclaim your birthright political status now.
  
Submitted by Mark Glennon of Wirepoints --- Reposting from Rumormillnews

An audible gasp went out in the breakout room I was in at last month’s pension event cosponsored by The Civic Federation and the Federal Reserve Bank of Chicago. That was when a speaker from the Chicago Fed proposed levying, across the state and in addition to current property taxes, a special property assessment they estimate would be about 1% of actual property value each year for 30 years.
Evidently, that wasn’t reality-shock enough. This week the Chicago Fed published that proposal formally. It’s linked here.

It surely ranks among the most blatantly inhumane and foolish ideas we’ve seen yet.


Homeowners with houses worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.

Is the Chicago Fed blind to human consequences? Confiscatory property tax rates have already robbed hundreds of thousands, maybe millions, of Illinois families of their home equity — probably the lion’s share of whatever wealth they had.

Property taxes in many Illinois communities already exceed 3%, 4% and even 5% of home values. Across Illinois, the average is a sky-high 2.67 percent, the highest in the nation.

In south Cook County they already average over 5%. Most of those communities are working class, often African-American. The Fed says maybe you could make the tax progressive by exempting lower values, but that’s very difficult to do and, if you did somehow exempt the poor and working class, the bill pushed to the others would be astronomical.

Those rates have already plunged many communities into death spirals, demanding an immediate solution, but the Chicago Fed apparently wants to pour on more of the accelerant.

Don’t they understand that people won’t build on or improve property when property taxes are that high? When taxes are 3 percent to 6 percent, any value you add to your home is going to be taxed at that high rate forever. Have they never been to our communities with countless dis-repaired, abandoned homes and commercial properties, which are the result?

Get this, which is part of the Fed’s reasoning:

“New taxes wouldn’t affect people thinking of moving to Illinois. While they would have to pay higher property taxes, that would be offset by not having to pay as much for their new homes. In addition, current homeowners would not be able to avoid the new tax by selling their homes and moving because home prices should reflect the new tax burden quickly.”

In other words, just confiscate wealth from current owners because they will pay, whether they stay or not, through an immediate reduction in home value.

This proposed tax would only address the five state pensions. What about the other 650-plus pensions in Illinois, particularly those for overlapping jurisdictions in Chicago which are grossly underfunded? The Fed was asked that at last month’s seminar and they, without explanation, said they didn’t bother to cover that.

I’ve earlier met Rick Mattoon, one of the Chicago Fed authors of the proposal. He’s a smart, likable guy who I thought had lots of interesting information. For the life of me, however, I can’t understand how he would put his name on this proposal.

Property can’t leave, so seize it. That’s the basic idea.

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12 comments:

  1. This is how the zionist-parasitical-death machine works. Bolsheviks from Brooklyn,NY tore up Russia 1917-1920, then moved their flea-circus to Germany and wiped them out too. The Armenian Genocide. Now they are trying to "Bolshevik" America.
    Give smart, likable Rick Mattoon his own private property in Gitmo he can enjoy for the next 80 years. These ratzi's can't create; they only know how to steal the wealth of others thru vile schemes. God bless Trump and the White Hats and give all of us strength to stop them.

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  2. Levies should be much higher. It doesn't seem the homeowners are pissed off enough to stand up yet and kick the smart asses out.

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  3. Trump needs to discuss sovereignty now and repurpose the Fed Res. and the IRS.

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  4. The whole system is fraudulent based, homes etc. Trump? who knows!

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    Replies
    1. His Treasury guy is the foreclosure king, tell me they give a F

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  5. There are way to many parties now involved in having a financial interest involved in property, the last thing of value that they can steal...!! It just never ends...I wish I could claim bankruptcy and still function this good, with all associated authorities in place still to help the banks ...!! How bankrupt do you have to be before you are totally insolvant...From what I gathered from this and other sites, Lincoln was an idiot...If he wanted to start a war, then he should have created the commercial instruments needed to finance the stupid war, without touching our gold and silver..!! Then dump the greenback..!! Instead , he only started the " greenback" after he already went through our gold and silver, then he doubled down and went back to real money when there was none...!!

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  6. https://www.youtube.com/watch?v=vyuDNsTSXl8 Interesting interview….

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  7. How does one file Human Trafficking claims/complaints??

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  8. Please post the link to the source. We need to verify for ourselves. I'm searching but not turning up anything. Thank you.

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    1. Couldn't find it on rumormill. But this looks like the source. The missing links can be found here. http://midwest.chicagofedblogs.org/?p=3096

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  9. This comment has been removed by the author.

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  10. All taxes paid to corporate entities are voluntary. Problems arise when someone refuses to volunteer a contribution. Then, the poor soul, is viciously attacked by bar lawyers.
    This is not how my church asks for contributions.
    .

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