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12 Comments

  1. Cities that are failing will just increase the taxes on the citizens to make up the deficit. SF and the surrounding cities are a fine example along with the rest of that state. Find other ways to tax the citizens and as those who leave (such as myself) the taxes will continue to go up on those who are left. Eventually you will have taxed the people to the point of exodus and there will be no body to tax. Kinda reminds you of the tale “as they came for the Jews, I said nothing, as they came for the gypsies, I said nothing, as they came for the Christians, I said nothing, and when they came for me there was no one left to say anything.”

    1. The big concern, for me, is that the States are going to put the failed cities debts on the entire State and tax all their states citizens for the gross failures of their city governments. What is equally bad is that too many of the states are in the same boat as their cities. New York, New Jersey, Illinois, California, Kentucky and more have the same pension and medical benefits deficits that will never be funded. With the avalanche of failing cities and states the demand will be for the USG to pick up the tab and radically increase taxes on all of us, or fund the failed states and cities with printed or digitized money. In 5 years or less the US is Venezuela.

      God help us all!

  2. Let the cities go under. Time to revolt! Stop paying the unconstitutional taxes such as property taxes they can’t put everybody in jail and garnish their wages and steal property it’s time to revolt. Many people I know are claiming exempt, they can’t afford withholding taxes from payroll anymore and they are not filing and tired of paying taxes, it’s time to wake up! If there’s a thief, it’s the government! United States pretty soon is going to fall like Rome, in time it will happen!

    1. Agreed 100%
      Horace Mann you can blame for the property tax. That socialist varmint wanted public school free for all the chilren – he also wanted the State to run its doctrine through the schools. When his Ponzi scheme started he got the first through (taxes) now he has both (taxes and Leftist indoctrination of students).

      It’s high time, especially for home schooling parents, to revolt. Write letters, sternly warn states to remove the property tax, use show of force if needed in the face of law enforcement.

  3. 1) Ad Stack, I don’t own a cell phone but one of my sons does, apparantly the ad stack and calendar to research arcives doesn’t show on his screen and you can’t scroll sideways to find it eather.
    2) I would like to know if there are any manufacturing companies that could make old fashioned hand crank root grinders, farms in the1800’s had them to grind roots to feed livestock, 8 pounds of carrots, potatoes or mangles is nutritionaly equivelent to 1 pound of grain. I think this tool would be very handy for SHTF event. An apple grinder or vegetable shredders are not heavy enough to hold up to hard root vegetables and heavy use.

  4. Things sometimes are cyclical, but I don’t think I would invest in antiques or old cars anymore. I would consider buying things I like for my own use but not for “investment” as a rule.

    I watch the car auctions on TV periodically and I have a number of hot rodder friends and watching/listening I see stock older vehicles remaining stagnant or decreasing in value. I nice restored, stock 60s Camaro or similar muscle car goes for less than a new mid priced plain vanilla car and appears to be at best stagnant in price year after year. It appears hard to get your money out of a restoration. The modified/modernized stuff that have been re-powered and essentially redesigned go for some pretty big money but the interest in stock stuff seems to be waning. Nobody wants to work on breaker points and carburetors (except for a few old guys like me) and everyone wants more than four gears.

    Older furniture does not seem to adapt itself well to the digital world. Perhaps tablets will make roll top desks more useful again but I am not sure. And decent new furniture (not great but decent) is pretty cheap and functional and in many cases more comfortable.

    When antiques were bigger a couple of decades ago, a lot more people had links to an older rural heritage at least through grandparents and extended family. I think that link is going a way. Old things don’t give as many people a sense of history or comfort anymore. Probably most people’s link is to the suburbs and local mall (which itself is dying).

    I could be wrong and there might be a resurgence much like there is a resurgence in masculinity in some circles despite the general trend trying to making men and women sexless. And I am sure there will always be exceptions in both specific items and specific markets. But I would not bet a lot of money on it (in general) as an investment.

    Now to purchase for personal use that is a different matter. A lot of utility to be had IMO.

    1. I have to concur about classic/muscle cars. The way to by them–as I’ve mentioned before–is to find one that someone is selling at a loss, after they have already put in the time and money, in restoring it. In today’s market that is where you have the best hopes of eventually re-selling it at a profit.

  5. Antiques: buy what you love; then buy what you think will last for generations and is useful. Examples: We have two china cabinets, one Victorian-era inherited from my husband’s grandmother who had very little herself, where we keep glass and holiday ware, candles, etc. The other was our first auction purchase as a couple, a hand-built, mission style cabinet, which now holds seeds, sewing books, DVDs and supplies. We also have my grandmother’s treadle sewing machine. AWESOME. I need a new belt on it, but it will work if necessary. And it has wonderful sentimental value in our family. We have a solid, butcher block kitchen table purchased when our family was growing and we needed more room for meals. It was damaged in a house fire a few years ago, but my husband lovingly restored it, leaving the little scratches from toddlers still figuring out how to properly use a fork. We will never get rid of it, and our now adult kids will probably fight over it someday. But the antique dining room table we got after the fire has little sentimental value to me, and is not as sturdy as the kitchen table, so we will probably sell it when we downsize. So … you get the idea.

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