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When you don't have to pay the same income tax as another person who earned the same amount of income because you have engaged in an activity desired by the government then you have received a subsidy, by definition.
What about when you have to pay a MUCH higher effective tax rate than others? That means you aren't subsidized at all but in fact, you are subsidizing others.
It doesn't have to be. Could be spokes leading into a loop. The "L" in Chicago is famous for its Loop configuration, hitting various locations with significant housing and jobs densities and connecting them all with a mass transit solution.
There is no logical loop. For example I work in San Francisco. People come from San Jose, Oakland, Dublin, Walnut Creek, Mountain View and Petaluma. That represents up to 50 miles south, 30 miles east and 40 miles north.
People who work at Apple live in pretty much all of the places listed above as well which is up to 50 miles in any of those directions. There is no way to remotely design efficient transit with sufficient ridership to justify that.
Our "loop" would need to be at least 60 miles north south and 45 miles east west.
"Some of the small two-bedroom, one-bath homes on her block are worth between $1.5 and $2 million – as teardowns. That’s just what the dirt is worth.
“Prices have just gone through the roof, making it unaffordable for middle-class people, your firefighters, your teachers, and, frankly, some of your doctors,” Palo Alto Vice Mayor Greg Scharff said."
And the price will stay high when there are subsidies.
Which means the taxes DO ultimately get paid, even if that means that 8% interest has to be charged and the property sold to pay the back taxes plus interest upon the owner's death.
You obviously can't read. In the scenario I outlined in that post, they DON'T get paid back.
Quote:
How often is the balance owed less than the property's value?
It doesn't matter how often. It does happen. I posted because you stated that this NEVER happens. You shouldn't make a blanket statement unless you know are right. And you are not right, YOU ARE WRONG, as I illustrated with the example above.
However, I'm not surprised that you won't admit being wrong. You have repeatedly proven to be glaringly wrong on other threads...where posters prove you stone cold wrong with, among other things, links to what the current law is....and you just keep blathering on ignoring the proof.
Yes. It could be done. You're just making lame excuses now.
Just as in a fair number of other threads you post in, rather than having a differing opinion within the same universe/discussion, you are in your own alternate universe with your own set of magical assumptions. Comparing doing the same in the SF Bay Area as has been done in Chicago is laughable .
If you can't afford to live in the Bay Area, then don't live there.
Problem solved.
When your housing costs are 65% of your take home pay you can't afford to move either.
I mostly grew up in the the Bay Area. It is home for me. It is pretty sad that even with a relatively well paying job I can't afford a 2 bedroom condo. If my household income doubled I wouldn't be able to afford an average home in my neighborhood, which average 900k. Renting an apartment near my office would cost 4x what I pay in rent now. Sharing an apartment would cost 2.5x near my office.
So where does this leave all of the service workers that keep the economy hummin along? Sharing 1 bedroom apartments with 4 people?
When your housing costs are 65% of your take home pay you can't afford to move either.
I mostly grew up in the the Bay Area. It is home for me. It is pretty sad that even with a relatively well paying job I can't afford a 2 bedroom condo. If my household income doubled I wouldn't be able to afford an average home in my neighborhood, which average 900k. Renting an apartment near my office would cost 4x what I pay in rent now. Sharing an apartment would cost 2.5x near my office.
So where does this leave all of the service workers that keep the economy hummin along? Sharing 1 bedroom apartments with 4 people?
I've moved half way across the country multiple times with nothing more than would fit in my old car... Just enough money for gas and a deposit on a 'new' place. You can move if you're willing to do it.
Last edited by turkey-head; 03-28-2016 at 11:13 AM..
But to be fair, subsidies for the middle class are nothing new. My household income is in the six figures, and I get multiple direct and indirect subsidies just for being a homeowner.
So for all you taxpayers...
Thanks!
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