Loading ...Massive Property Tax Fraud Exposed – $5.1 Trillion Bond Scam Will Crash System
This is very interesting. If I understand it correctly, the reason property values keep going up is to pay the existing school bonds. The bonds are never paid off because the interest on them keeps accumulating. I would think that this would collapse real estate overnight.
Don’t know about where you live but over half the property tax revenue in New Jersey goes toward schools. Too many principals and vice principals who do next to nothing. Cottage industry from hell.
School Vouchers ….School Choice
Screw “Public” Schools …They are Government Indoctrination Centers
If you listen to the interview, I think he’s saying that property values keep going up so that property taxes keep going up so that the perpetual bonds can be paid. The bonds are never paid off so the whole thing is a ponzi scheme that has to implode at some point.