Inflation Revisited

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  A problem good students have is that when they are discouraged from understanding something, they take the hint. I’m attempting to boil away some of the mystical malarkey around our everyday understanding of inflation. Don’t demand to understand or agree with every detail. Inflation is a catchall for rising prices. I don’t have the prescription for rising prices. What I can do is categorize inflation first by currency and then by class. Use of this generic term obscures the distinction between currency inflation, our currencies value against other currencies and domestic inflation when our prices increase but stay in range of other nations or the price of oil. At this point there may be some free market(oxymoron) apologists who make their living prattling that currency inflation can be ignored: -The market will adjust. Cheaper currency means greater competitiveness in the world markets. This will lead to innovation and growth in the cheaper country. After which we all h...
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Real Estate Tax Deduction

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The greatest and most difficult issue facing humanity is social segregation. This issue allows all other issues to fester unaddressed. The fictional town of Pottersville has one significant advantage over our real civic arrangements: Potter lives in Pottersville. The cost per student at The Cairo IL high school is $8,817. In Highland Park IL it is $17,636. That is because education, security, maintenance and recreation are funded by real estate taxes. The corporate ghetto, Oak Brook IL, is organized to minimize services in order to benefit the companies that reside there. Other suburbs minimize their education expenses because only the servants use those schools or the residents are old.

The real estate tax itself could be very progressive. But using it to locally fund our services maximizes the benefits of social segregation.

The cherry on top, isn’t it great to live in America, is that social segregation is then subsidized by our income tax code. Because the real estate tax is deductible, I get to pay more in taxes, or we borrow the difference, to encourage the stratification of our society.

The real estate tax deduction is the most vicious and depraved regulation of our entire tax code.

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