Saturday, November 09, 2019

SHOCK!!! JACKSON COUNTY ASSESSMENT CRISIS PUSHES KANSAS CITY TOWARD 'PEAK TAX RATE' BREAKING POINT!!!



For our economist friends and those who remember the first scene from Ferris Bueller's Day Off . . . Let's take a quick review of a fundamental principal that also powers the municipal revenue game.

In economics, the Laffer curve illustrates a relationship between rates of taxation and the resulting levels of government revenue.

With respect to the curvy hotties above, we'll make it very simple . . .

JACKSON COUNTY PROPERTY TAX INCREASES THREATEN TO BREAK HOMEOWNERS TO THE POINT WHERE VOTERS CAN'T AFFORD TO CONSIDER ANY NEW MUNICIPAL LEVY!!!

What does that mean???

For starters . . . 

Expect voters to cancel taxes for schools, infrastructure and even that new downtown stadium because most residents won't be able to afford the massive cost of living spike that's currently taking hold.

Moreover, the disproportionate property tax hits everybody:

- Renters will face rising costs.

- Wealthy confront more targeting of their assets.

- Worst of all, the working poor suffer the worst fate as so many will soon learn that they'll no longer be able to afford their homes.

And so the "cost of living" maps that social media dweebs pass around must be updated as life in KCMO grows more expensive and beyond the reach of many residents thanks to political gridlock and faulty leadership.

Developing . . .

22 comments:

Anonymous said...

Better title: kansas city cancels Christmas.

Thanks Frank!

Anonymous said...

Yep, if this is the way that tax assessments will be allowed to be done. Then voters will get smart over the next few decades and decide and guarantee that any tax increases will see the rebuke of voters. And its well past time...

Anonymous said...

Event at twice the rate the property tax rate in Kansas City is 1/4 the rate of the major metro areas. Pay to play. Either pay the property tax or Kansas City to continue to decline.

Anonymous said...

^^^Thanks for your words of wisdom, Jeremy. Loved your last appearance on Ruckus. I rake it you have no plans for a political future in Kansas City.

Anonymous said...

11:34 Because everybody else is paying higher taxes so should Kansas City? That’s not a good argument. In fact, it’s flat out irrational. What goes on in Kansas City has no comparison to the policial climate of other City’s. Other City’s actually provide their residents real services. I suggest you take your White ass back to whatever City or town you’re from (because it’s not Kansas City) and push this bullshit in your own town. (Oh, but nobody there ever listened to you either).

Anonymous said...

A couple of points to keep in mind when referring to the (much beloved by Republicans) Laffer Curve...

1) IT HAS NO NUMBERS - it is simply a bell curve that theorizes that "there exists an optimal point at which a level of taxation will produce the maximum level of revenues to the Government".
In other words, it propounds a theory without giving any guidelines as to what a desirable level of taxation might be.

2) IT IS A BELL CURVE - that is, the "level of revenues" (and economic expansion) it theorizes increases as the level of taxation decreases, TO A CERTAIN POINT, then "starts going downhill" and decreases after the optimal level of taxation has been passed.

This second point is the one that the GOP's Beloved "Voodoo Economics" fails to recognize, with their worship of reducing taxes as an economic panacea. A recent example of this "downhill slide" can be seen in what happened to the State of Kansas under Brownback, or to the United States under Reagan or Bush the Lesser.

Anonymous said...

So you love paying more and more taxes that provide nothing in return? All new taxes have been going to the developers. This is key too dummy, when they give tax breaks to developers somebody has to make up the difference, guess who’s making up the difference and getting nothing in return, the commoners or as city hall likes to call us the free money bank of kc.

Retro ROCKER said...

Jackson County will need more revenue in the coming year's. Many people will move out of the County. Inflation .and the county knows,In,the upcoming recession they will need more revenue. You will just have to cut out the Twelve Packs Of BEER, the Carton of cigarettes The Starbucks or Airplane coffee .THE COUNTY WANTS TO EXTRACT your wealth.They have wasteful spending.

Anonymous said...

Kansas City and the people that live in Kansas City think too highly of Kansas City. The fact the USDA staff will not move to Kansas City should be a signal of the eminent demise of Kansas City. Sad state of affairs when a person would rather be unemployed in DC than employed in Kansas City.

Anonymous said...

+10000000

You also didn’t mention that we have to pay billionaire businesses to come here and build cheap ass hotels and apartments, nobody is voluntarily coming here and spending their own money, what’s the tell you about Mogadishu of the Midwest?

Anonymous said...

12:28: 11:34 is a consultant for developers. Consider the source.

Anonymous said...


The voters did it to themselves. Tax and spend tax and spend. Liberal Kansas City only followed what Sly James said and didn't use their heads on things like the water treatment the GO bond issues, and voting for Frank White and then there's the thousands spent on MLK Blvd. They will never learn or change. Liberals ruin everything for others who have sense enough to check things out first and not vote for Ass holes who keep screwing the people. Don't forget Darryl Forte's overtime!!!!!!! He sure soaked KC.

Bullshit Of Equalization said...

Look we raised your lot to $220K from $20K then lowered your house to $500 to help you out. What the hell more do you want? Get a loan or sell if you don't like it!

Anonymous said...

Who were the idiots and morons at the assessment department crunching and coming up with these ridiculous numbers? That stone hasn't been overturned yet obviously.

Tells is like it is said...

As a Northland KC resident, I buy groceries, and almost all things I need, in Gladstone, NKC, or (on-line).

I consciously do all I can to deprive the thieves at 12th and Oak any sales tax benefit.

I still shudder to think voters (sheep) gave another 20 years of e-taxes to Slie's slush fund a couple of yrs ago.

Maybe Jackson County's tax rape, along with the MLK scam will open voter eyes (unlikely).

As far as county theft goes, we have our own problems in Clay.

Anonymous said...

11:53: 1. So what? The calculation has never been claimed to be anything more than you described. BTW, the technique was well known before Laffer put his name to it. 2. The statistical distribution is not necessarily a bell curve, i.e. identical declines on both sides of the median. It can skew either way. But again, so what? All it does is describe a maximum effective tax rate. It does not postulate a desired tax model. But it is evident that people who want to raise tax rates even though it would result in a loss of revenues do so not to enable government spending but to penalize success.

Anonymous said...

@*:25, the "so what" is that the Laffer Curve is held as Holy Writ to the GOP in their ongoing attempts to "boost the Economy" by cutting taxes (primarily on the Rich), when the only historical Tax cut to result in a long term positive boost to the Economy was the tax reform in 1962 (by a Democratic President and Congress) that reduced the maximum Individual Tax rate from 91% to 73% and the Corporate tax Rate from 63% to 45%, while simultaneously eliminating most of the tax exemptions.

Perhaps we should return to those rates, to see if the same long-term boost to the Economy will recur.
Nothing tried since then has worked.

Anonymous said...

^^^ apparently you’ve ignored what’s going on in this country since the great President Trump took over have you? Your tds is amazing so keep drinking from the Rachel Maddox and Anderson slurper cum bucket. They say it’s good for your skin!

Anonymous said...

Maybe the Clown in Mission Kansas... bless their hearts... can put up some tents at Mission Mall- since they can’t do anything else there- and have section 8 folks live there.

They aren’t racist in Mission and love helping out- and are quite competent to boot!

Long live Mission Mall poor people!

Anonymous said...

"The Laffer curve is typically represented as a graph that starts at 0% tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100% tax rate. However, the shape of the curve is uncertain and disputed among economists."

Unknown said...

Laffer curve is correct, but is not a simple mathematical model. For example, people are willing to pay a lot more in taxes to live in a nice part of California than they would to live in a nice part of South Dakota. At some point, it gets cheaper to move if there are alternatives. Look at all the New Yorkers going to Florida. Or witness the Silicon Valley growth happening in Austin, Texas. It is asinine to believe that KCMO can charge Leawood, KS taxes and not be as nice.

Unknown said...

KCMO needs to cut spending, and increase the police force. That's tough, but that's reality.