From Newsgroup: rec.arts.tv

On Mon, 16 Feb 2026 23:55:35 -0000 (UTC), BTR1701 <atropos@mac.com>
wrote:

The reptiles in Sacramento say we shouldn't care about this because (1) it's a >one-time tax, and (2) it's only for people with a net worth of a billion >dollars or more so it won't affect us. Well, when the federal income tax was >passed in 1861, it was sold as a temporary tax to help fund the Civil War and >only applied to millionaires. And now look where we are. As Reagan said, >there's nothing more permanent than a temporary government program and taxes >on the rich will inevitably turn into taxes on everyone.

They have enough money already. More tax isn't needed. It's all a lie. But >they're gaslighting people into believing it's a rich vs poor debate.

I hope everyone understands what's at stake.

If you wrote that from scratch that was a brilliant posting.
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From Newsgroup: rec.arts.tv

On Tue, 17 Feb 2026 02:31:15 -0000 (UTC), "Adam H. Kerman"
<ahk@chinet.com> wrote:

If the elderly woman is out of cash to pay property taxes, my state and >plenty of other states allow the taxes to be deferred till the property
is sold. There is a state fund that receives the tax bill, paying it
when due, and charges interest. There is a lien. She's not forced to
move.

British Columbia has had such a tax deferral system aimed at those 55+
for years - I've only opted to do so 4 years ago and our provincial
government (who administers the program) decided to move the interest
rate on the loan from prime - 2% to prime + 2% causing a lot of people including me to check out paying it off.

At least we're not having to pay property tax based on the assessed
value now that I'm retired - the house I bought 30 years ago at $258k
is now assessed at $ 1.85M which means I won't have to pay as long as
I hold the house though my kids will have a huge tax bill when they
eventually inherit it. (Though the deferred tax will have to be paid
before they sell it)
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From Newsgroup: rec.arts.tv

The Horny Goat <lcraver@home.ca> wrote:

Tue, 17 Feb 2026 02:31:15 -0000 (UTC), Adam H. Kerman <ahk@chinet.com>:

If the elderly woman is out of cash to pay property taxes, my state and >>plenty of other states allow the taxes to be deferred till the property
is sold. There is a state fund that receives the tax bill, paying it
when due, and charges interest. There is a lien. She's not forced to
move.

British Columbia has had such a tax deferral system aimed at those 55+
for years - I've only opted to do so 4 years ago and our provincial >government (who administers the program) decided to move the interest
rate on the loan from prime - 2% to prime + 2% causing a lot of people >including me to check out paying it off.

Not only is it a secure loan, the government lien is probably superior
to the mortgage. That interest rate is absurdly high.

At least we're not having to pay property tax based on the assessed
value now that I'm retired - the house I bought 30 years ago at $258k
is now assessed at $ 1.85M which means I won't have to pay as long as
I hold the house though my kids will have a huge tax bill when they >eventually inherit it. (Though the deferred tax will have to be paid
before they sell it)

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