"So because our property taxes have declined so much, we really had to invoke this," Wagner said.

Expect more of the same.

Either the US Government will bail out
everybody, or some people will not get paid.

That which can not continue, won't.

The funny thing is, THERE IS PLENTY OF $ AVAILABLE!

Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider

But those folks aint about to share any of it with the rest of us, nope.

Corporations are made up of shareholders. Every 401K 'shares' in the ownership and profits of corporations.

Leftists don't want 'fair' they want to have the power to decide what 'fair' is.

Every 401K 'shares' in the ownership and profits of corporations.

Only after they are thoroughly looted by company management.

Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

It's not greed. Wages as a share of the economy are more or less continuously hitting all-time lows because transfer payments (aka entitlements) are steadily increasing as a share of GDP. As for the recent spike in corporate profits, what is hitting all-tire lows there is net interest payments (interest payments reduce corporate profits in GDP parlance) which is a function of the games played by the Fed, like the Operation Twist. You don't get plenty of $ available with GDP growth less than 2 percent, no way, no how.

"Only after they [401K shares] are thoroughly looted by company management."

Please explain. I'm missing something. Corporate profits are the engine that supports the investments that granny has, that state employees have, and private employees have in their investment accounts. The comment, without some explanation, makes no sense. It could be me, but I'm not a hipster, creative, coffee shop guy. Heck, I don't even have a bicycle. Give the limited vocabulary explanation.

Corporate profits are reduced by executive compensation, which is obscenely high. The 1% lives off the 99%. Try to catch on.

"Corporate profits are reduced by executive compensation, which is obscenely high. The 1% lives off the 99%. Try to catch on."

I'm trying to catch on. Let's switch from words to numbers. Numbers please. How much would my dividends increase if executive compensation was chopped down to hipster level? Seriously.

Let's switch from words to numbers. Numbers please. How much would my dividends increase if executive compensation was chopped down to hipster level? Seriously.

Essentially zero, indeed, probably negative because there would be less incentive to take risks, grow and innovate with that severe of a compensation decrease.

It's like when I had lunch with a long-time friend who forecasts for CBO the other day. He was bemoaning the 15 percent long-term capital gains tax rate. I asked him how much financial impact if the rate was increased to, say, 30 percent. He acknowledged there would be no material revenue gain, but he would feel a lot better if the rate were increased. The 99 percent vs. 1 percent is feel good stuff that, if addressed through tax or other redistributive systems, would have essentially no tangible benefits.

The "Bush Tax Cuts" certainly had "Tangible benefits"
taking the government from a surplus to this in less than 8 years.

Let the "Bush Tax Cuts" expire for starters!