Property Taxes: an ATM for the Government; Measure to Abolish Property Taxes Approved for ND Ballot

 

Congratulations to citizens of North Dakota, fed up with taxation and have raised the necessary number of signatures to place a measure abolishing property taxes on the ballot. The voter initiative needed 27,000 signatures. 28,000 signed the petition.
Please consider Measure to abolish North Dakota property taxes on ballot

Secretary of State Al Jaeger said Friday the initiative had enough petition signatures to qualify for the June 2012 primary election. It will be listed as Measure 2.
The amendment says North Dakota and its local governments may not impose property taxes after Jan. 1. It says the Legislature will have to figure out a way to provide replacement revenue to cities, counties and other local governments.

Property Taxes, an ATM for the Government

The above image courtesy of Empower The Taxpayer which asks "Why Should Your Home Be Governments' Private ATM?"
Please click on the above link for more information including an FAQ, explaining what the measure is all about and how you can help.
The real battle begins now. No doubt recipients of the tax and supporters of "big government" will battle Measure 2 furiously.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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