Zombulation Sweeping The Nation
December 29, 2010
– Comments (14)
As we all know, property taxes are going up because Pension Funds are underfunded requiring more contributions.
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And since Pension Funds are a primary source of revenues to fund government spending through debt via municipal bonds and Wall Street through debt and equity purchases via shares of stock and corporate bonds, if our pensions don't get a LOT MORE FUNDING.....Wall Street and government will lose a major source of revenues to keep operations moving forward.
Consequently.....you should expect cities, counties, and states to increase all forms of taxes in 2011....especially property taxes, fire and safety fees, and sales/income taxes.
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You will be able to keep up with all the consequences from Zombulaiton thorughout 2011 on www.udderworld.com
As property taxes keep rising, you can expect home prices to keep falling as higher taxes reduce a buyer's ability to qualify for a loan. As more and more homes drop in value, expect more and more foreclosures going forward.
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It's Zombulation and its sweeping the nation as cities, counties, and states have to raise taxes to fund pensions.....and we need to fund pensions to keep government and Wall Street operating.
2011 is sure to be exciting as the tension between the need to keep government and Wall Street operating conflict with the citizens desire to maintain their lifestyle.
Remember, if the city can't afford to provide water, sewer, or other public safety to your home......your house is worthless.....but if you can't afford to spend, you are Zombulated..
It is not the end of the world, simply the end of a world as you knew it:)
And on the positive side......lots of wonderful innovations come out of times where humanity is challenged....and Udderworld.com will be keeping track of those innovations as well....even if they don't come from Wall Street.
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