Migration Of The Tax Donkeys

Take heed - this essay deals with an important phenomenon:

A great migration of the tax donkeys is underway, still very much under the radar of the mainstream media and conventional economists. If you are confident no such migration of those who pay the bulk of the taxes could ever occur, please consider the long-term ramifications of these two articles:

Stanford Says Soaring Public Pension Costs Devastating Budgets For Education And Social Services (see link below for access)

Which American Cities Will File Bankruptcy Next? (see link below for access)

Allow me to summarize for those who aren’t too squeamish: a lot of cities and counties are going to go broke, slashing services and jacking up taxes, all to no avail. The promises made by corrupt politicos cannot possibly be kept, despite constant assurances to the contrary, and those expecting services and taxes to remain untouched will be shocked by the massive cuts in services and the equally massive tax increases that will be imposed in a misguided effort to “save” politically powerful constituencies and fiefdoms.

These dynamics will power a Great Migration of the Tax Donkeys from failing cities, counties and states to more frugal, well-managed and small business-friendly locales. I’ve sketched out the migration in this graphic: the move by those who can from incompetently managed and/or corrupt cities/counties/states to more innovative, open, frugal and better managed locales.

You can read the rest @
http://www.washingtonsblog.com/2017/10/migration-tax-donkeys.html

I agree with his premise, but I truly am offended by his tone.

This situation was not created by "corrupt politicos", other than the members of Congress who off-shored our jobs and revised the laws concerning retirement plans to allow their junk bond pushing friends to loot many of the nation's retirement funds.

And it would be counterproductive to pit We The People against the retirees who were promised these funds. Most state and local government retirees worked for wages far below what the private sector paid for similar jobs, in return for reasonable benefits and the promise of a retirement package. It's not OUR fault that the elites destroyed our economy and pushed interest rates down to zero so that they might thrive while we got squeezed.

NO ONE is going to benefit from this situation, other than the unscrupulous and those who don't give a damn about their neighbors. We're either in this together, or we're going to go flying apart.