US US Politics General 2 - Discussion of President Trump and other politicians

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Should be a wild four years.

Helpful links for those who need them:

Current members of the House of Representatives
https://www.house.gov/representatives

Current members of the Senate
https://www.senate.gov/senators/

Current members of the US Supreme Court
https://www.supremecourt.gov/about/biographies.aspx

Members of the Trump Administration
https://www.whitehouse.gov/administration/
 
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>IMPLYING said:
I just learnt about property taxes.
No state is exempt from them, and if you own land or property you have to pay something like 2.5% annual tax on it (determined by market value) or else it gets foreclosed on by the government. It might be a pedantic interpretation and so the question itself might be dumb, but doesn't that mean no American actually owns their own land/property, since property tax acts essentially like "rent" to the government that you must pay?
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You're looking at it the wrong way. Property taxes are the most just form of taxation in proper Georgian tradition. Not only does it prevent useful assets from being hoarded, it ensures that fair market prices can be established without excessive investor driven inflation. For example, a state like Texas with super high property taxes has far lower principle costs on real estate than a low property tax state like California. Adversaries of high property taxes will accuse it of being a regressive tax that disproportionately affects low income persons, but this mindset neglects the absurd cost of living that emerges when low property tax rates facilitate real estate as investment tokens to gain value on the property's resale value. For most middle class persons, it's best to pay higher tax year-on-year while owning a house than be left forever off of the housing ladder.

TLDR: Property taxes good because it stops boomers from buying it all up and telling their grandkids to eat shit. Also, it upsets chinks trying to money launder.
 
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Rome's rightful successor said:
Earlier today, while at my mum's the nbc new report was just doing a fear mongering op ed about how the bird flu will mutate to become deadly with humans. So a vaccine company was creating a vaccine for cows and said it will be used on humans soon.
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Just picturing a newscaster standing next to a Petri dish of bird flu getting angry and shouting “C’MON, MUTATE ALREADY!”
 
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Audit said:
telling their grandkids to eat shit
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Except, by and large, the grandkids of boomers are already eating shit and if they're one of the few lucky ones to inherit a home - an appreciating asset with potential for large sentimental value too - they'll either be forced to pay for the privilege of owning it or lose it.

Meanwhile house prices still rise and fuck people over regardless despite the theoretical abundance of supply due to immigration increasing population, and thus perceived demand, and asset managers like Blackrock buying them all up to inflate portfolios anyway.

I looked into this further and property taxes might be almost entirely responsible for the lack of intergenerational homes in America, since rather than pay property taxes, you can defer paying as an old person until you sell the property, which means there's some condition in there where you must sell the home to pay this tax. Leaving a house to your kids might almost be more trouble that it's worth, because if they can't pay what's asked you're just straddling them with debt so it's better to sell pre-emptively and leave them cash instead. The property could end up being too much of a burden for them too since the home they bought whilst employed and earning all the while increasing its value starts draining too much out of their retirement fund to be justifiable.

Are there old people who sell their houses just to keep themselves comped for life at a retirement community or something?
 
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