One57 - an ultra-lux building where 2 penthouses recently sold for over $90m...each
(Image by NY Post) Permission Details DMCA
Hello Common Groundlings (and many friends, some for the first time):
With controversial tax breaks granted to the ($100 million) One57 condo tower, the total property tax bill for the spectacular penthouse is just $17,268, an effective rate of 0.017 percent of its sale price.
Here's today's Quiz:
My Book -
AMERICA IS NOT BROKE!The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true?
Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
He identifies the points of stress that require urgent remedial action. This volume deepens the debate among the millions of reformers who currently punch below their weight because they isolate themselves in single-issue campaigns. Most significantly, this volume integrates the land-rent and money-creation issues to signpost the policies that really would transform society for the common good.
--Fred Harrison, Research Director of the London-based Land Research Trust, Author, Reporter
--Mike Krauss is the founder and chair of the Pennsylvania Project
next level in writing America Is Not Broke! This book dispels the myths about public banking and our monetary system in general. It is welcome outside-the-box thinking and I heartily endorse it.
--Ellen Brown, Founder, Public Banking Institute, Author of Web of Debt and The Public Bank Solution
The book is available from the Tayen Lane site: https://tayen-lane.squarespace.com/america-is-not-broke and on Amazon: http://amzn.to/1MCxYA2. It is currently only available in hardcover, but the paperback and ebook should be available in a couple of months.
Video Appearances & Slideshows here: