Saturday, July 9

hey, I didn't vote for the chump

I wonder how many apartment owners vote Regressive for the CFRP?

The Texas Legislature, now in yet-another Special Session, want to increase the sales tax (even a first year economics student understands that as a regressive tax) and lower the property tax. Since most (60%) of Dallas residents live in apartments and don't directly pay property tax, they won't notice when the apartment owners get a decrease. Raise your hand if you think the apartment owners will decrease rent when that happens.

Unrelated: Chase, Citi and MBNA BofA now control 70% of the credit card business. Can you say oligopoly? Good, I knew you could.

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