| Look up your local governments budget history to see the portion of tax revenue going to pay for defined benefit pension and other post employment benefits (OPEB). In the vast majority of cases, this is increasing, due to underfunding, bad or corrupt investments, and over promising to buy votes. This is just for states: https://www.federalreserve.gov/releases/z1/dataviz/pension/f... 2017 numbers: https://www.bloomberg.com/graphics/2018-state-pension-fundin... Note the numbers are based on rosy government assumptions, not real IFRA standards that private entities are subject to (for no other reason than politicians can vote themselves an exception). If your city/state hasn’t been hit yet, just wait. The people of CT/IL/NJ/KY are finding out now, and it’s going to get worse. Further decreases in funding for colleges, infrastructure, selling government assets (e.g. Chicago selling parking fee revenue) that can be put off into future. Increases in taxes, toll roads, government college tuition price, property taxes, vehicle registration fees. I have businesses in various states and locales, and all of them get various new taxes such as “elevator inspection fee” or something similar which was never itemized before, and of course they always go up. |