Local property tax is a slush fund for the elite

What happens the money collected by the local property tax? You don’t need to be Constantin Gurdgiev to understand.

The LPT is like a giant Hoover that extracts money from your pocket and transfers it to politicians, both present and retired, a kind of social welfare for the elite.

It can also be described as quantitative easing, a system by which a large quantity of your money, which you had put aside to feed or educate your children, is sucked up and transferred to ease the onerous financial burden of politicians.