Comment on the Stevens Point school referendum defeat

[BobbyG]

I tweeted:

BioDiverseCity
Just posted a blog about the defeat of the Stevens Point school
referendum: http://bit.ly/3rq2TH

Are we ready for perma-crisis?

b.g.

[BobbyG]

OFF topic just a bit, but this is close to farmsheddists' hearts I
know...

Now would be the perfect time for all folks interested in keeping
schools on firm financial ground to again bring up--nationwide--the
need to switch from property tax funding to income tax.

With the financial services sector (including investment banks like
Goldman Sachs) poised to collect $145 billion total in bonus payments
to the elite this year-end, I can think of no better place to start
raking in the taxes than with these people. Perhaps a top tax rate of
80% might get 'er done to start stabilizing school funding.

The reason why the little people, workers and un(der)employed, are
starting to say "no" to these referendums is seen in stories like
these:

Small-business bankruptcies up 44% year-over-year
http://www.reuters.com/article/pressRelease/idUS166645+02-Nov-2009+PRN20091102

October personal bankruptcy filings up 25%, highest since 2005
"reform"
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9eOFk1X3uoQ&pos=7

Forget inflation, deflation is a bigger danger
http://seekingalpha.com/article/170419-how-bloomberg-fabricates-u-s-housing-numbers?ref=patrick.net

If the commodity you sell--your small farm's produce, or your labour
power if you're a worker, is undergoing deflation, while the cost of
everything you need to make your farm or household work--including
taxes on the place you live--is experiencing inflation, you're going
to be feeling the pinch and probably start "acting out."

Too bad the very very wealthy have us all scrapping amongst ourselves
over the little bit of money that's left down here on the bottom. The
students shouldn't have to suffer because of their parents' economic
system collapsing, eh?
b.g.