RICO Act: Here’s Why City and State Governments are HELPING the Riots

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Besides the obvious calls for consolidation of power, it’s also about tax dollars and federal aid harvesting. Here are a few examples:

1. Let’s say a rioter damages a car or business. Money is then spent to repair the car or business. The money spent is taxable.

2. Cities get federal aid (money printed from nothing of course, which steals purchasing power) to rebuild and beautify after an area is damaged. The money is spent and the spent money is taxable.

3. Areas get modernized or gentrified after riot damage. This usually results in more mixed uses. These result in higher valuations and thus higher property taxes.

4. Money gets spent by cities, thus helping the cities maintain justification for bloated budgets and tax increases in the name of peace and safety.

 

AC

 

Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.

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